We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
An Earnings Beat: Phillips 66 (PSX - Free Report) reported fourth quarter income per share of $1.07, significantly higher than the Zacks Consensus Estimate of 86 cents. Higher segment earnings from Midstream and Refining contributed to the growth.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate has seen no upward revision and nine downward revisions in the last thirty days.
Nonetheless, Phillips 66 has an impressive earnings surprise history. Before posting the earnings beat in Q4, the company delivered positive surprises in three of the prior four quarters. Overall, the company has a positive earnings surprise of 429.3% in the trailing four quarters.
Revenues: Phillips 66 posted revenues of $30,123 million, lagging the Zacks Consensus Estimate of $23,668 million. However, it compared favorably with the year-ago number of $23,668 million.
Key Stats: The Midstream segment posted quarterly income of $139 million, compared to $35 million in the year-ago quarter. The Chemicals segment reported earnings of $27 million as against $136 million in the year-earlier quarter. The Refining segment posted quarterly income of $371 million, which compared unfavorably with loss of $38 million in the prior-year quarter. This Marketing and Specialties segment recorded earnings of $123 million compared with $190 million in the year-ago quarter.
Zacks Rank: Currently, Phillips 66 carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Valero earnings report later!
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks’ has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
Image: Bigstock
Phillips 66 (PSX) Beats on Q4 Earnings
An Earnings Beat: Phillips 66 (PSX - Free Report) reported fourth quarter income per share of $1.07, significantly higher than the Zacks Consensus Estimate of 86 cents. Higher segment earnings from Midstream and Refining contributed to the growth.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate has seen no upward revision and nine downward revisions in the last thirty days.
Phillips 66 Price and EPS Surprise
Phillips 66 Price and EPS Surprise | Phillips 66 Quote
Nonetheless, Phillips 66 has an impressive earnings surprise history. Before posting the earnings beat in Q4, the company delivered positive surprises in three of the prior four quarters. Overall, the company has a positive earnings surprise of 429.3% in the trailing four quarters.
Revenues: Phillips 66 posted revenues of $30,123 million, lagging the Zacks Consensus Estimate of $23,668 million. However, it compared favorably with the year-ago number of $23,668 million.
Key Stats: The Midstream segment posted quarterly income of $139 million, compared to $35 million in the year-ago quarter. The Chemicals segment reported earnings of $27 million as against $136 million in the year-earlier quarter. The Refining segment posted quarterly income of $371 million, which compared unfavorably with loss of $38 million in the prior-year quarter. This Marketing and Specialties segment recorded earnings of $123 million compared with $190 million in the year-ago quarter.
Zacks Rank: Currently, Phillips 66 carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank stocks here)
Check back later for our full write up on this Valero earnings report later!
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks’ has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
Click here to access these stocks. >>