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.
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 $5.83, which is worse than the estimate ninety days ago.
Here’s how Tesoro has been performing on an annual basis:
|Revenue ($) 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|
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)