Yahoo Finance Valero Energy First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Valero Energy (NYSE:VLO) First Quarter 2024 Results
Key Financial Results
Revenue: US$31.8b (down 9.3% from 1Q 2023).
Net income: US$1.25b (down 59% from 1Q 2023).
Profit margin: 3.9% (down from 8.7% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$3.76 (down from US$8.29 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Valero Energy EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) exceeded analyst estimates by 14%.
Looking ahead, revenue is expected to decline by 5.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.1%.
Performance of the American Oil and Gas industry.
The company's shares are up 2.9% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Valero Energy (1 is a bit concerning!) that you should be aware of.
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