Tesoro Earnings Preview: Get Ahead of the Analysts

Tesoro (NYSE:TSO) will report earnings after markets close on Wednesday, May 1st. Tesoro Corporation refines and markets petroleum products, and provides transporting services. The Company operates refineries, as well as a network of retail and refueling stations in the western United States. Tesoro also markets gasoline and diesel fuel to independent marketers and commercial end users.

Here is your Cheat Sheet to Tesoro Earnings:

Earnings Expectations: Analysts expect earnings of $0.72 per share on revenues of $6.58 billion. Currently, the company’s P/E ratio stands at 10.51.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.95 to a profit $1.8. For the current year, the average estimate is a profit of $5.83, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Tesoro has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 28,420 16,870 20,580 30,300 32,970
Diluted EPS ($) 2.00 -1.01 -0.21 3.81 5.25

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 7,713 7,820 8,105 8,776 8,273
Diluted EPS ($) -0.8940 0.39 2.75 1.92 0.1908

Past Performance:
Tesoro has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)