Tuesday, September 28, 2021

What to Watch When Valero Energy Corporation [VLO] Reports Quarterly Earnings

Earnings from Valero Energy Corporation [VLO] are scheduled on April 22, 2021, before the market opens. It is expected that the company will report weak earnings for the quarter ending Mar 2021.


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VLO Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn -$1.89 per share on revenue of $18.65B. Taking a look at the future, the company is projected to report revenue of $20.96B at an earnings per share of $0.66 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 10.50% in revenue and 1073.59% in earnings per share for the company.

VLO Stock Earnings Forecast For The Current Year


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For the full financial year, Valero Energy Corporation [NYSE:VLO] is forecasted to generate revenue of $87.28B. The figure is about $22.37 billion above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.41 in 2021, which is $3.53 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 113.10% this year, 1,204.90% next year, and -13.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 34.50% in current fiscal year and 10.50% over following year.

VLO Stock Price Performance

At the close of Wednesday’s session, Valero Energy Corporation [NYSE:VLO] finished up 2.36% at $70.30. The stock’s highest single-day price was $70.655, and its lowest was $67.43. Its price fall -2.74% in the last five days. Since the beginning of the year, Valero Energy Corporation’s shares are up nearly 24.27%. However, the share price is -16.70% below its one year high. The top price reached by the shares of the company was $84.39 on 03/11/21, while the 52-week low came on 01/04/21, when the shares were $54.78. In the past year, shares of the company have risen 42.16%. At 50 days, the moving average achieved is $73.58 while at 200 days, the moving average is $57.39. There were 2.55 million shares traded in the last session, down from 4.26 million in the previous session.

Valero Energy Corporation [NYSE:VLO] Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 0.44 PS value ratio is reported for the last one year of reported earnings. This is below the average return 1.14 for the industry, which means VLO offers an attractive investment opportunity than its competitors do.

VLO Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 70.30 level, and the violation of this level will cause a further drop to 68.27 level. At the upper end, 74.72 remains a key resistance. As the stock increases, it may find resistance at 72.69. In the 14-day chart, the Relative Strength Index standing at 44.41 suggests a technical neutral stance while the MACD standing at -2.13 indicates price will decrease in the next trading period. Stochastic %K at 19.74% suggests buying the stock while Percent R indicator at 69.88% suggests low price movement.

How much is the short interest in Valero Energy Corporation?

There have been a drop in short interest in the Valero Energy Corporation Financial stock, with short interest down by -2.26 million shares to 11.38 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 9.12 million shares. This 19.86% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 2.52% of the overall float in the stock, while the stock’s days to cover moved to 2.2.

How do analysts view Valero Energy Corporation?

In regard to the share price forecast for Valero Energy Corporation stock, the analysts, as surveyed by FactSet, forecast the price to reach $87.00 in the next twelve months, representing almost an 19.2% growth from its recent price of $70.30. Among Valero Energy Corporation stock projections, $110.00 is the highest analyst target for the stock, while $70.00 is the lowest. Despite this, 20 analysts who share their consensus rating for VLO in 2021 agree that the stock is a Buy. The latest rating change took place on 4/16/21, when Raymond James Ratings upgraded the stock from “Outperform” to “Strong Buy.”

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