Valero Energy Corp reports results for the quarter ended March 31 - Earnings Summary

• Valero Energy Corp VLO.N reported quarterly adjusted earnings of 89 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $3.82. The mean expectation of seventeen analysts for the quarter was for earnings of 42 cents per share. Wall Street expected results to range from 17 cents to 58 cents per share.

• Revenue fell 4.7% to $30.26 billion from a year ago; analysts expected $28.68 billion.

• Valero Energy Corp's reported EPS for the quarter was a loss of $1.90​.

• The company reported a quarterly loss of $595 million.

• Valero Energy Corp shares had fallen by 13.3% this quarter and lost 6.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 62.7% in the last three months.​

• In the last 30 days, fifteen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil & gas refining and marketing peer group is also "buy"

• Wall Street's median 12-month price target for Valero Energy Corp is $145.00

This summary was machine generated from LSEG data April 24 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)