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Phillips 66 (PSX) Stock Slides as Market Rises: Facts to Know Before You Trade
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Phillips 66 (PSX - Free Report) closed the most recent trading day at $174.70, moving -1.48% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. At the same time, the Dow lost 0.18%, and the tech-heavy Nasdaq gained 0.1%.
Heading into today, shares of the oil refiner had gained 8.79% over the past month, outpacing the Oils-Energy sector's gain of 6.52% and the S&P 500's loss of 1.74%.
Analysts and investors alike will be keeping a close eye on the performance of Phillips 66 in its upcoming earnings disclosure. The company's earnings report is set to go public on April 29, 2026. In that report, analysts expect Phillips 66 to post earnings of $2.22 per share. This would mark year-over-year growth of 346.67%. Simultaneously, our latest consensus estimate expects the revenue to be $29.03 billion, showing a 8.51% drop compared to the year-ago quarter.
PSX's full-year Zacks Consensus Estimates are calling for earnings of $13.49 per share and revenue of $128.59 billion. These results would represent year-over-year changes of +109.47% and -5.83%, respectively.
Investors should also note any recent changes to analyst estimates for Phillips 66. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 18.31% increase. Phillips 66 is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Phillips 66 currently has a Forward P/E ratio of 13.15. This represents a discount compared to its industry average Forward P/E of 15.08.
It is also worth noting that PSX currently has a PEG ratio of 0.31. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. PSX's industry had an average PEG ratio of 0.61 as of yesterday's close.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 66, positioning it in the top 28% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Phillips 66 (PSX) Stock Slides as Market Rises: Facts to Know Before You Trade
Phillips 66 (PSX - Free Report) closed the most recent trading day at $174.70, moving -1.48% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. At the same time, the Dow lost 0.18%, and the tech-heavy Nasdaq gained 0.1%.
Heading into today, shares of the oil refiner had gained 8.79% over the past month, outpacing the Oils-Energy sector's gain of 6.52% and the S&P 500's loss of 1.74%.
Analysts and investors alike will be keeping a close eye on the performance of Phillips 66 in its upcoming earnings disclosure. The company's earnings report is set to go public on April 29, 2026. In that report, analysts expect Phillips 66 to post earnings of $2.22 per share. This would mark year-over-year growth of 346.67%. Simultaneously, our latest consensus estimate expects the revenue to be $29.03 billion, showing a 8.51% drop compared to the year-ago quarter.
PSX's full-year Zacks Consensus Estimates are calling for earnings of $13.49 per share and revenue of $128.59 billion. These results would represent year-over-year changes of +109.47% and -5.83%, respectively.
Investors should also note any recent changes to analyst estimates for Phillips 66. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 18.31% increase. Phillips 66 is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Phillips 66 currently has a Forward P/E ratio of 13.15. This represents a discount compared to its industry average Forward P/E of 15.08.
It is also worth noting that PSX currently has a PEG ratio of 0.31. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. PSX's industry had an average PEG ratio of 0.61 as of yesterday's close.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 66, positioning it in the top 28% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.