Valero Energy (VLO) Sees a More Significant Dip Than Broader Market: Some Facts to Know

In the latest trading session, Valero Energy (VLO) closed at $139.63, marking a -0.77% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.29%. At the same time, the Dow lost 0.32%, and the tech-heavy Nasdaq lost 0.5%.Heading into today, shares of the oil refiner had gained 17.57% over the past month, outpacing the Oils-Energy sector's loss of 1.71% and the S&P 500's gain of 2.52% in that time.The investment community will be closely monitoring the performance of Valero Energy in its forthcoming earnings report. The company is scheduled to release its earnings on January 30, 2025. The company is expected to report EPS of $0.14, down 96.06% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $30.75 billion, down 13.16% from the prior-year quarter.Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Valero Energy. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 12.3% fall in the Zacks Consensus EPS estimate. Valero Energy is currently sporting a Zacks Rank of #3 (Hold).In terms of valuation, Valero Energy is presently being traded at a Forward P/E ratio of 17.56. For comparison, its industry has an average Forward P/E of 16.98, which means Valero Energy is trading at a premium to the group.We can also see that VLO currently has a PEG ratio of 2.93. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Refining and Marketing was holding an average PEG ratio of 2.93 at yesterday's closing price.The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 68, finds itself in the top 28% echelons of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks