Phillips 66 (PSX) stock closed higher and outperformed the S&P 500, but facing challenges ahead.

From Nasdaq: 2024-07-12 18:15:18

Phillips 66 (PSX) closed trading at $138.64, up 1.26% from the previous session, outperforming the S&P 500, which gained 0.55%. The company is set to announce its earnings on July 30, 2024, with an estimated EPS of $3.29 and revenue of $31.93 billion, reflecting a decline compared to last year.

Analysts expect Phillips 66 to report full-year earnings of $10.47 per share and revenue of $132.91 billion, with a projected decline from the previous year. The Zacks Rank model shows that recent estimate revisions have resulted in a Zacks Rank of #5 (Strong Sell) for Phillips 66, indicating potential challenges ahead for the company.

With a Forward P/E ratio of 13.08 and a PEG ratio of 2.18, Phillips 66 is in line with industry averages. The Oil and Gas – Refining and Marketing industry, to which Phillips 66 belongs, currently ranks in the bottom 22% of all industries. Investors are advised to keep track of stock-influencing metrics on Zacks.com for informed decision-making.



Read more at Nasdaq: Phillips 66 (PSX) Outperforms Broader Market: What You Need to Know