Valero Energy (VLO) Stock Trending Amid Earnings Estimate Revisions

Valero Energy (VLO) has returned 14.5% over the past month, compared to the S&P 500's 1.6% change. The oil refiner's stock is trending due to revisions in earnings estimates. For the current quarter, VLO is expected to post earnings of $3.05 per share, a 376.6% change from the year-ago quarter. The Zacks Consensus Estimate has changed -30.4% over the last 30 days. For the current fiscal year, the consensus earnings estimate is $9.93, indicating a 17.1% change from the prior year. Over the next fiscal year, the consensus earnings estimate is $11.95, a 20.4% change from what VLO is expected to report a year ago. The stock is rated Zacks Rank #3 (Hold).