In the latest trading session, Valero Energy (VLO) closed at $76.50, marking a +0.18% move from the previous day. This move outpaced the S&P 500's daily loss of 0.2%. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq lost 0.38%.
Prior to today's trading, shares of the oil refiner had lost 7.96% over the past month. This has lagged the Oils-Energy sector's loss of 1.71% and the S&P 500's gain of 0.33% in that time.
Wall Street will be looking for positivity from VLO as it approaches its next earnings report date. The company is expected to report EPS of $2.09, down 2.79% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $29.17 billion, down 5.96% from the year-ago period.
VLO's full-year Zacks Consensus Estimates are calling for earnings of $6.44 per share and revenue of $112.32 billion. These results would represent year-over-year changes of -12.62% and -4.03%, respectively.
Investors might also notice recent changes to analyst estimates for VLO. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.35% lower. VLO currently has a Zacks Rank of #3 (Hold).
Digging into valuation, VLO currently has a Forward P/E ratio of 11.85. This valuation marks a discount compared to its industry's average Forward P/E of 13.45.
Also, we should mention that VLO has a PEG ratio of 1.48. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Refining and Marketing was holding an average PEG ratio of 1.48 at yesterday's closing price.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 108, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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