Valero Energy Q1 2024 Adj EPS $3.82 Beats $3.24 Estimate, Sales $31.76B Miss $33.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
Valero Energy (VLO) reported Q1 2024 adjusted EPS of $3.82, surpassing the $3.24 estimate, but its sales of $31.76B fell short of the $33.09B estimate, marking a 12.84% decrease from the previous year.
April 25, 2024 | 10:26 am
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Valero Energy reported a higher-than-expected Q1 2024 EPS of $3.82 but missed sales estimates with $31.76B, indicating a 12.84% decrease from last year.
While the EPS beat is positive, the sales miss and year-over-year decrease could temper investor enthusiasm, leading to a neutral short-term impact on VLO's stock price. The mixed results present both strengths in profitability and concerns over revenue growth, which may lead to varied investor interpretations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100