NEW YORK (TheStreet) -- Shares of Valero Energy (VLO) rose 1.3% to $50.74 in morning trading Monday ahead of the company's scheduled third-quarter earnings report Tuesday before the market open. Here's what analysts are expecting from the energy company.
The consensus estimate calls for Valero to report earnings of $1.57 a share on revenue of $31.58 billion. In the third quarter last year, Valero posted earnings of 57 cents a share, which easily beat analysts' expectations of 41 cents a share. Revenue totaled $36.14 billion, which surpassed the consensus estimate of $29.76 billion.
In the second quarter of 2014, Valero reported earnings of $1.22 a share, which edged analysts' estimate of $1.21 a share. Revenue totaled $34.91 billion, which beat the consensus estimate of $29.16 billion.
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Separately, TheStreet Ratings team rates VALERO ENERGY CORP as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate VALERO ENERGY CORP (VLO) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow."