Phillips 66 (PSX) closed lower than market; upcoming earnings report shows significant decline.

From Nasdaq: 2025-01-24 18:15:20

In the latest trading session, Phillips 66 (PSX) closed at $121.86, a -0.62% decrease from the previous day. This performance lagged behind the S&P 500 (-0.29%), Dow (-0.32%), and Nasdaq (-0.5%). Over the past month, PSX shares rose by 9.29%, outperforming the Oils-Energy sector (-1.71%) and S&P 500 (2.52%).

Analysts anticipate Phillips 66’s upcoming earnings report on January 31, 2025, to reveal an EPS of $0.17, a 94.5% drop from the same period last year. Revenue is expected to be $32.25 billion, a 16.75% decrease year-over-year. Positive analyst estimate changes often signal optimism in the company’s performance and profitability.

The Zacks Rank system assigns Phillips 66 a #3 (Hold) rating, with a Forward P/E ratio of 15.64 – a discount compared to the industry average of 16.98. The PEG ratio for PSX is 3.91, higher than the industry average of 2.93, within the top 28% of the Oils-Energy sector.

Zacks Investment Research recommends a top semiconductor stock with significant room for growth in Artificial Intelligence, Machine Learning, and Internet of Things markets. The global semiconductor industry is set to nearly double from $452 billion in 2021 to $803 billion by 2028. Stay informed on market trends and stock performance with Zacks.com.



Read more at Nasdaq: Phillips 66 (PSX) Declines More Than Market: Some Information for Investors