Valero Energy Earnings Preview: Can This Streak Continue?

Valero Energy (NYSE:VLO) will report earnings before markets open on Tuesday, July 23rd. Valero Energy Corporation is an independent petroleum refining and marketing company that owns and operates refineries in the United States, Canada, and Aruba. The Company produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products as well as diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel, and oxygenates.

Here is your Cheat Sheet to Valero Energy Earnings:

Earnings Expectations: Analysts expect earnings of $0.99 per share on revenues of $30.18 billion. Currently, the company’s P/E ratio stands at 6.11.

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 $1.84 to a profit $1.37. For the current year, the average estimate is a profit of $4.54, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 119,114 68,144 82,233 125,987 139,250
Diluted EPS ($) -2.16 -3.66 0.57 3.68 3.75

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

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 34,662.00 34,726.00 34,695.00 3,474.00
Diluted EPS ($) 1.50 1.21 1.82 1.18

Past Performance:
Valero Energy has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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