Valero Energy Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Valero Energy Corporation (NYSE:VLO) will unveil its latest earnings on Tuesday, January 31, 2012. Valero Energy is an independent refining and marketing company, which owns and operates refineries in the United States and Canada.

Valero Energy Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 25 cents per share, a swing from profit of 39 cents in the year earlier quarter. During the past three months, the average estimate has moved down from $1.10. Between one and three months ago, the average estimate moved down. It also has dropped from $1.01 during the last month. Analysts are projecting profit to rise by 111.2% versus last year to $3.59.

Last quarter, the company came in at net income of $2.11 per share against a mean estimate of profit of $1.74 per share, beating estimates after missing them in the previous quarter. In the second quarter, it missed forecasts by 17 cents.

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Wall St. Revenue Expectations: On average, analysts predict $32.3 billion in revenue this quarter, a rise of 45.8% from the year ago quarter. Analysts are forecasting total revenue of $119.73 billion for the year, a rise of 45.6% from last year’s revenue of $82.23 billion.

Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, one rating it as a sell and six rating it as a hold.

A Look Back: In the third quarter, profit rose more than fourfold to $1.2 billion ($2.11 a share) from $292 million (51 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 51.8% to $33.71 billion from $22.21 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 34.9%, with the biggest boost coming in the most recent quarter when revenue rose 51.8% from the year earlier quarter.

Competitors to Watch: Tesoro Corporation (NYSE:TSO), Alon USA Energy, Inc. (NYSE:ALJ), Western Refining, Inc. (NYSE:WNR), Sunoco, Inc. (NYSE:SUN), CVR Energy, Inc. (NYSE:CVI), Frontier Oil Corporation (NYSE:FTO), Chevron Corporation (NYSE:CVX), Holly Corporation (NYSE:HOC), Delek US Holdings, Inc. (NYSE:DK), and Exxon Mobil Corporation (NYSE:XOM).

Stock Price Performance: During November 25, 2011 to January 25, 2012, the stock price had risen $4.42 (21.8%) from $20.23 to $24.65. The stock price saw one of its best stretches over the last year between January 9, 2012 and January 18, 2012 when shares rose for seven-straight days, rising 17.5% (+$3.44) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight-straight days, falling 18.7% (-$4.65) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com