Valero Energy Q3 2024 Adj. EPS $1.14 Beats $0.98 Estimate, Sales $32.876B Beat $31.131B Estimate
Portfolio Pulse from Benzinga Newsdesk
Valero Energy reported Q3 2024 earnings of $1.14 per share, beating the $0.98 estimate, but down 84.78% from last year. Sales were $32.876B, surpassing the $31.131B estimate, yet down 14.39% from the previous year.
October 24, 2024 | 10:31 am
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Valero Energy's Q3 2024 earnings per share of $1.14 exceeded expectations of $0.98, but were significantly lower than last year's $7.49. Sales also beat estimates but decreased from the previous year.
Valero Energy's earnings and sales exceeded analyst estimates, which is positive. However, the significant year-over-year decline in both earnings and sales may concern investors, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100