Valero Energy Corporation VLO is set to report third-quarter 2019 results on Oct 24, before the market opens. Let's see how things are shaping up prior to the announcement. Which Way are Estimates Headed? Let's take a look at the estimate revision trend to get a clear picture of what analysts feel about the company prior to the upcoming earnings release. The Zacks Consensus Estimate for third-quarter earnings of $1.36 has seen no upward revision and seven downward movements in the past 30 days. The figure suggests a year-over-year decline of 32.3%. Further, the Zacks Consensus Estimate for revenues is pegged at $24.6 billion for the quarter, indicating a decline of 20.3% from the year-ago reported figure. Factors to Consider Slowdown in U.S. economic growth has likely hurt demand for refined petroleum products in the September quarter of 2019. The GDPNow model of Atlanta Federal Reserve estimates third-quarter GDP growth of 1.8%. This reflects a decline from the final figure of 2% in the second quarter.