Valued at a market cap of around $48.4 billion, Texas-based Valero Energy Corporation (VLO) is a global leader in fuel and petrochemical production. With 15 refineries processing 3.2 million barrels daily, two renewable diesel plants producing 1.2 billion gallons annually, and 12 ethanol plants churning out 1.6 billion gallons, Valero powers the world through its Refining, Renewable Diesel, and Ethanol segments. The energy giant is slated to announce its fiscal Q2 earnings results on Thursday, July 25.
Ahead of this event, analysts are expecting VLO to report a profit of $4.25 per share, down 21.3% from $5.40 per share in the year-ago quarter. However, the company holds a solid track record of beating Wall Street's bottom-line estimates in each of the last four quarters. Moreover, in the last reported quarter, the company's adjusted EPS dipped a notable 53.8% year over year to $3.82 but still managed to crush the consensus EPS estimate by a solid 20.1% margin.
