Valero Energy Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Valero Energy Corporation (NYSE:VLO) will unveil its latest earnings on Tuesday, November 1, 2011. 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 net income of $1.73 per share, a rise of more than threefold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.23. Between one and three months ago, the average estimate moved up. It has risen from $1.56 during the last month. For the year, analysts are projecting profit of $4.32 per share, a rise of more than twofold from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 17 cents, coming in at net income of $1.30 per share versus a mean estimate of profit of $1.47 per share. In the first quarter, the company beat estimates by 37 cents.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: Analysts are projecting a rise of 41.3% in revenue from the year-earlier quarter to $31.39 billion.

Analyst Ratings: Analysts seem relatively indifferent about Valero Energy with eight of 15 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 27.6% to $744 million ($1.30 a share) from $583 million ($1.03 a share) the year earlier, but fell short analyst expectations. Revenue rose 43.7% to $31.29 billion from $21.77 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 25.4%, with the biggest boost coming in the most recent quarter when revenue rose 43.7% 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 September 28, 2011 to October 26, 2011, the stock price had risen $6.69 (36.2%) from $18.46 to $25.15. The stock price saw one of its best stretches over the last year between October 7, 2011 and October 14, 2011 when shares rose for six-straight days, rising 19.4% (+$3.84) over that span. It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven-straight days, falling 17.5% (-$3.93) over that span. Shares are up $2.17 (+9.4%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.