Valero Energy (VLO) Set to Report Q3 Results, Analysts Expect 166.7% EPS Increase
Valero Energy Corporation (VLO), the world's largest independent petroleum refiner, operates 15 refineries across the U.S., Canada, and the U.K. Headquartered in San Antonio, Texas, with a market cap of $50.8 billion, VLO is set to release its third-quarter results on October 23.
Analysts anticipate VLO's non-GAAP earnings per share to reach $3.04 in the third quarter, a significant 166.7% increase from the year-ago quarter. Despite a 4.3% decrease in earnings to $8.12 per share for the current year, VLO has surpassed analysts' estimates in three of the past four quarters. The consensus rating stands at 'Moderate Buy', with a mean price target of $171.12, indicating a potential 4.7% upswing from the current market price.
VLO's stock has surged 14.8% over the past 52 weeks, outperforming the Energy Select Sector SPDR Fund (XLE) but trailing the S&P 500 Index. On September 30, VLO stock fell over 1% due to a retreat in energy producers following a drop in WTI crude oil prices. Looking ahead, earnings are expected to rise 44.1% year-over-year to $11.70 per share by fiscal 2026.
Valero Energy Corporation's strong performance and positive analyst sentiment position the company for potential growth. As the third-quarter results approach, investors await the company's progress in the refining sector.
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