Phillips 66 (PSX) closed at $130.78, down -1.31% from the previous session, underperforming the S&P 500 but outperforming the Dow. The stock has seen a 7.98% gain in the last month, beating the Oils-Energy sector and the S&P 500.
Investors are eagerly awaiting Phillips 66’s upcoming earnings release, with an expected EPS of $2.18, up 6.86% from last year. Revenue is anticipated to be $30.13 billion, a 16.69% decrease from the same quarter in the prior year. For the full year, analysts predict earnings of $4.87 per share and revenue of $129.1 billion, reflecting changes of -20.81% and -11.27% from last year.
Analyst Estimates and Stock Performance
Recent analyst revisions for Phillips 66 are crucial indicators of short-term trends. Positive estimate revisions often signal a positive business outlook and are correlated with share price momentum. The Zacks Rank system, with a #1 (Strong Buy) to #5 (Strong Sell) scale, has historically outperformed, with #1 ranked stocks delivering an average annual return of +25% since 1988. Phillips 66 currently holds a Zacks Rank of #3 (Hold).
Valuation Metrics and Industry Comparison
Considering valuation metrics, Phillips 66 has a Forward P/E ratio of 27.2, indicating a premium compared to the industry’s Forward P/E of 17.78. The PEG ratio, currently at 2.06, accounts for projected earnings growth. In comparison, the industry’s average PEG ratio stands at 1.51. The Oil and Gas – Refining and Marketing industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 73, ranking in the top 30% of all industries.
Industry Strength and Investment Opportunities
The Zacks Industry Rank, based on individual stock rankings, is a key measure of industry performance. Industries in the top 50% tend to outperform the bottom half significantly. Investors should monitor these stock-moving metrics closely, along with other key indicators, on Zacks.com.
