Valero Energy Earnings Preview: Can This Streak Continue?

Valero Energy (NYSE:VLO) will report earnings before markets open on Tuesday, April 30th. 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 $0.98 per share on revenues of $30.41 billion. Currently, the company’s P/E ratio stands at 10.84.

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 $1.71 to a profit $1.6. For the current year, the average estimate is a profit of $5.49, which is better 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 ($) in millions 113,140 64,600 82,230 125,990 139,250
Diluted EPS ($) -2.16 -3.67 0.57 3.68 3.75

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 ($) in millions 34,670 35,170 34,660 34,730 34,700
Diluted EPS ($) 0.0804 -0.78 1.50 1.21 1.817

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]