VLO - Valero Energy Q2 Earnings Preview

2023-07-26 11:41:04 ET

Valero Energy ( NYSE: VLO ) is scheduled to announce Q2 earnings results on Thursday, July 27, before market open.

Consensus EPS estimate is $5.08 (-55.3% Y/Y) and consensus revenue estimate is $37.48B (-27.4% Y/Y).

Over the last 2 years, VLO has beaten EPS estimates 100% of the time and revenue estimates 75% of the time. Over the last 3 months, EPS estimates have seen 2 upward revisions and 10 downward. Revenue estimates have seen 7 downward revisions.

Valero ( VLO ) fell over 3% after its Q1 earnings report , as lower gasoline prices weighed on revenue. For Q2, Valero ( VLO ) said its refineries would operate at a total throughput at 90%-93% of their combined total capacity of 3.15M bbl/day, lower than the 94% capacity seen in the year-ago period.

In an earnings call , CEO Joe Gorder said Valero ( VLO ) will evaluate options for its two California refineries, as the state develops rules to cap refiner profits.

Sell-side as well as SA analysts are bullish on Valero ( VLO ). SA Quant also rates the stock Buy.

Investing Group Leader Leo Nelissen said Valero ( VLO ) is showing signs of an uptrend , benefitting from the rotation from growth to value. "Considering VLO's attractive valuation and ample room for dividend growth, I believe it has the potential to outperform."

More on Valero Energy

• Dirt Cheap - Why I'm Buying Valero Ahead Of Earnings
• Valero Has Strong Refining Growth Potential
• Vectoring In On Valero Energy

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