With a market cap of $36.5 billion, Valero Energy Corporation (VLO) manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States and internationally. Founded in 1980, the San Antonio, Texas-based company is set to announce its Q1 results before the market opens on Thursday, Apr. 24.
Ahead of the event, analysts expect VLO to report a profit of $1.57 per share, down 58.9% from the year-ago quarter's profit of $3.82 per share. While the company has surpassed analysts' earnings estimates thrice over the past four quarters, it has missed the projections on one other occasion. In the previous quarter, it reported EPS of $0.64, which surpassed the consensus estimate of $0.13 by a huge margin.
