您现在的位置是:erlang b formula > Encyclopedia
【barnegat bay sneakbox for sale】Can Valero Energy (VLO) Keep the Earnings Surprise Streak Alive?
erlang b formula2024-09-29 12:23:05【Encyclopedia】7人已围观
简介Have you been searching for a stock that might be well-positioned to maintain its earnings-beat stre barnegat bay sneakbox for sale
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report?barnegat bay sneakbox for sale It is worth considering Valero Energy (VLO), which belongs to the Zacks Oil and Gas - Refining and Marketing industry.
This oil refiner has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 5.29%.
For the most recent quarter, Valero Energy was expected to post earnings of $1.95 per share, but it reported $2.01 per share instead, representing a surprise of 3.08%. For the previous quarter, the consensus estimate was $2 per share, while it actually produced $2.15 per share, a surprise of 7.50%.
Price and EPS Surprise
With this earnings history in mind, recent estimates have been moving higher for Valero Energy. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Valero Energy currently has an Earnings ESP of +10.44%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #5 (Strong Sell) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on January 31, 2019.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Story continues
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
Valero Energy Corporation (VLO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
View comments
很赞哦!(2488)
相关文章
- Here's How Long It Took Amazon To Reach A $100B Market Cap
- How Did Axel Springer SE’s (FRA:SPR) 16% ROE Fare Against The Industry?
- Are Shui On Land Limited’s (HKG:272) Interest Costs Too High?
- ChildCare Education Institute Offers No-Cost Online Course on Reducing Exclusionary Discipline in Early Childhood Education
- The Global Cloud Encryption Software Market is expected to grow by $ 2.82 bn during 2020-2024 progressing at a CAGR of 38% during the forecast period
- How Many Insiders Sold Churchill Downs Incorporated (NASDAQ:CHDN) Shares?
- BRIEF-Power Financial Group Says Wu William Wai Leung Has Resigned As Chief Executive Officer
- Stock Prices Have Plummeted. That Doesn't Make Them Good Buys
- Mixed Near-Term Outlook for Agriculture Operations Industry
- Strategic Partnership of Delta Air Lines with China Eastern
热门文章
站长推荐
Nio Deliveries Jump 109% In November, Boosts Production Capacity To Keep Pace With Rising Demand
BRIEF-China Eastern Airlines' Vice Chairman Resigns Due To Change In Job Role
The Uber Of Europe, BlaBlaCar, Just Raised A Whopping $100 Million
N.K Industries Limited (NSE:NKIND) Insiders Increased Their Holdings
ETFs to the Rescue as Coronavirus Wreaks Havoc
'State of Legal Education is Excellent,' Says New Law School Association President
At S$0.22, Is Indofood Agri Resources Ltd. (SGX:5JS) Worth Looking At Closely?
Tesla's 'Full Self-Driving' feature is back on Autopilot
友情链接
- Colbert Figures Out How to Make Coronavirus Quarantine Feel Like a Vacation, Literally (Video)
- What does Quantum Thinking Limited’s (HKG:8050) Balance Sheet Tell Us About Its Future?
- PRESS DIGEST - Canada - Jan 2
- Central Florida Explorer: My first visit to Crealdé School of Art
- GM hits federal electric car sales threshold six months after Tesla
- Wednesday’s ETF Chart To Watch: VGK Drifting Towards Support Ahead Of Eurozone GDP
- VEGOILS-Palm jumps over 2 pct to as India cuts import tax
- Arconic shares jump after report of buyout by Apollo Global
- Gigi Hadid and Zayn Malik share baby's first Halloween photo; more celebrity costumes
- BRIEF-Yaxia Automobile's Board Elects Chairman, Appoints General Manager