Tesoro Corporation (NYSE:TSO) is trading up 23.58% versus 12-month low of 66.02 and stands -20.34% lower from its 1-year peak of $102.42. The consensus price target (PT) of $105.00 means that the market expects Company shares to increase by 28.6% in the short run. The sell-side target prices range from $92 to $122. In the last month the stock has moved in price -10.28%, with a one year change of -17.10%. The last trading session volume compares with the 2.19M average and market worth floats around 9.71B.
Tesoro Corporation (NYSE:TSO) fell -0.11% to reach at the trading price of $81.59 as it is set to release its next quarterly earnings report on February 08, 2017. Tesoro Corporation stock trades in the range of $80.73 to $83.91 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.76 a share with $7.27B in revenue.
Tesoro Corporation (TSO) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Tesoro Corporation to earn $0.91 per share (EPS) on revenue of $7.92B. The EPS consensus range is $-0.04-$1.81 on revenue between $9.82B and $6.2B.
While if we look at the Earnings Track Record, Tesoro Corporation (TSO) managed to surpass quarterly earnings per share estimates in 7 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 58%. Last time the company reported, Tesoro Corporation (TSO) generated $1.32 in earnings per share, missing the consensus estimate of $1.43. Revenues hit $6.54B in the September 2017 quarter, which was below the consensus $6.82B projection. On the other hand, in the June 2017 quarter the company recorded a net $6.29B revenue with earnings per share of $1.65. Wall Street had anticipated $5.87B and $1.76, respectively. For comparison, there was a revenue of $5.1B and EPS of $1.19 in the March 2016 period.
Tesoro Corporation (NYSE:TSO) Analyst Insights
The buoyancy in the outlook of Tesoro Corporation (TSO) is getting stronger by the somewhat negative sentiment (2.00 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Neutral. Credit Suisse has been covering shares of TSO, so it is most recent view is worth a look. In a research note issued on Dec 12, 2016, analysts at Wells Fargo lifted the stock to Outperform from Market Perform. Another noteworthy analyst activity was recorded on Oct 11, 2016. Credit Suisse Analysts lifted the stock to Outperform from Neutral.