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Why the Market Dipped But Phillips 66 (PSX) Gained Today
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In the latest trading session, Phillips 66 (PSX - Free Report) closed at $171.76, marking a +1.85% move from the previous day. This change outpaced the S&P 500's 0.01% loss on the day. On the other hand, the Dow registered a gain of 0.14%, and the technology-centric Nasdaq decreased by 0.46%.
Shares of the oil refiner witnessed a loss of 3.43% over the previous month, beating the performance of the Oils-Energy sector with its loss of 9.23%, and underperforming the S&P 500's loss of 1.4%.
The investment community will be closely monitoring the performance of Phillips 66 in its forthcoming earnings report. The company is scheduled to release its earnings on August 5, 2026. It is anticipated that the company will report an EPS of $6.12, marking a 157.14% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $36.91 billion, showing a 10.1% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $18.22 per share and a revenue of $146.18 billion, signifying shifts of +182.92% and +7.04%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Phillips 66. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 3.44% rise in the Zacks Consensus EPS estimate. Phillips 66 is holding a Zacks Rank of #2 (Buy) right now.
With respect to valuation, Phillips 66 is currently being traded at a Forward P/E ratio of 9.26. This valuation marks a premium compared to its industry average Forward P/E of 8.64.
It is also worth noting that PSX currently has a PEG ratio of 0.24. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Oil and Gas - Refining and Marketing stocks are, on average, holding a PEG ratio of 0.35 based on yesterday's closing prices.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 47, this industry ranks in the top 20% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PSX in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Why the Market Dipped But Phillips 66 (PSX) Gained Today
In the latest trading session, Phillips 66 (PSX - Free Report) closed at $171.76, marking a +1.85% move from the previous day. This change outpaced the S&P 500's 0.01% loss on the day. On the other hand, the Dow registered a gain of 0.14%, and the technology-centric Nasdaq decreased by 0.46%.
Shares of the oil refiner witnessed a loss of 3.43% over the previous month, beating the performance of the Oils-Energy sector with its loss of 9.23%, and underperforming the S&P 500's loss of 1.4%.
The investment community will be closely monitoring the performance of Phillips 66 in its forthcoming earnings report. The company is scheduled to release its earnings on August 5, 2026. It is anticipated that the company will report an EPS of $6.12, marking a 157.14% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $36.91 billion, showing a 10.1% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $18.22 per share and a revenue of $146.18 billion, signifying shifts of +182.92% and +7.04%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Phillips 66. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 3.44% rise in the Zacks Consensus EPS estimate. Phillips 66 is holding a Zacks Rank of #2 (Buy) right now.
With respect to valuation, Phillips 66 is currently being traded at a Forward P/E ratio of 9.26. This valuation marks a premium compared to its industry average Forward P/E of 8.64.
It is also worth noting that PSX currently has a PEG ratio of 0.24. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Oil and Gas - Refining and Marketing stocks are, on average, holding a PEG ratio of 0.35 based on yesterday's closing prices.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 47, this industry ranks in the top 20% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PSX in the coming trading sessions, be sure to utilize Zacks.com.