Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Valero Energy (VLO) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Valero Energy currently has an average ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Valero Energy (VLO) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 25, 2024, might help the stock move higher if these key numbers are better than expect ...

Valero Energy (VLO) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this oil refiner have returned -1.4% over the past month versus the Zacks S&P 500 composite's -1.7% change. The Zacks Oil and Gas - Refining and Marketing industry, to which Valero Energy belongs, has gained 2.3% over this period. Now the key question is: Where could the stock be headed in the near term?Altho ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of ...

Valero Energy Corporation (VLO) has witnessed upward earnings estimate revisions for 2024 and 2025 over the past seven days.The company, with a Zacks Rank #2 (Buy), has gained 38.2% over the past six months compared with 18.5% growth of the composite stocks belonging to the industry. Image Source: Zacks Investment Research What’s Favoring the Stock?Valero demonstrated strong financial resilience and adaptability by posting significant earnings in the fourth quarter of 2023. Its EPS of $3.55, surpassing expe ...

Valero Energy (VLO) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this oil refiner have returned +16.9% over the past month versus the Zacks S&P 500 composite's +1.8% change. The Zacks Oil and Gas - Refining and Marketing industry, to which Valero Energy belongs, has gained 10.7% over this period. Now the key question is: Where could the stock be headed ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...

Valero Energy (VLO) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The upward trend in estimate revisions for this oil refiner reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Analyst Recommendations and Valero Energy - Valero Energy has an average brokerage recommendation (ABR) of 1.71, which approximates between Strong Buy and Buy, based on 17 brokerage firm recommendations [1] - Out of the 17 recommendations, 12 are Strong Buy, representing 70.6% of all recommendations [1] - The ABR suggests buying Valero Energy, but relying solely on brokerage recommendations may not be ideal due to their inherent positive bias [2] Zacks Rank vs ABR - The Zacks Rank is a proprietary stock rating tool that classifies stocks into five groups, ranging from Strong Buy to Strong Sell, and is a reliable indicator of near-term price performance [3] - Unlike the ABR, which is based on brokerage recommendations, the Zacks Rank is driven by earnings estimate revisions and is displayed in whole numbers [4] - The Zacks Rank is more timely and reflective of changing business trends, as it quickly incorporates revisions in earnings estimates [5] Valero Energy's Earnings Prospects - The Zacks Consensus Estimate for Valero Energy's current year earnings has increased by 13.5% over the past month to $17.14 [6] - Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement in revising EPS estimates higher, could drive the stock's near-term performance [6] - Valero Energy currently holds a Zacks Rank 2 (Buy), which aligns with its Buy-equivalent ABR, making it a potentially attractive investment [6]