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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) ended the recent trading session at $261.75, demonstrating a -4.17% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.49%. At the same time, the Dow added 0.71%, and the tech-heavy Nasdaq gained 2.26%.
The oil refiner's shares have seen an increase of 12.46% over the last month, surpassing the Oils-Energy sector's gain of 0.51% and the S&P 500's gain of 0.1%.
The investment community will be paying close attention to the earnings performance of Phillips 66 in its upcoming release. The company is slated to reveal its earnings on October 28, 2026. On that day, Phillips 66 is projected to report earnings of $10.21 per share, which would represent year-over-year growth of 305.16%. Simultaneously, our latest consensus estimate expects the revenue to be $36.91 billion, showing a 5.53% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $28.28 per share and a revenue of $160.47 billion, signifying shifts of +339.13% and +17.51%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Phillips 66. These revisions help to show the ever-changing nature of near-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 18.55% increase. Right now, Phillips 66 possesses a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Phillips 66 is holding a Forward P/E ratio of 9.66. For comparison, its industry has an average Forward P/E of 8.92, which means Phillips 66 is trading at a premium to the group.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 11, which puts it in the top 5% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Phillips 66 (PSX) Stock Slides as Market Rises: Facts to Know Before You Trade
Phillips 66 (PSX - Free Report) ended the recent trading session at $261.75, demonstrating a -4.17% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.49%. At the same time, the Dow added 0.71%, and the tech-heavy Nasdaq gained 2.26%.
The oil refiner's shares have seen an increase of 12.46% over the last month, surpassing the Oils-Energy sector's gain of 0.51% and the S&P 500's gain of 0.1%.
The investment community will be paying close attention to the earnings performance of Phillips 66 in its upcoming release. The company is slated to reveal its earnings on October 28, 2026. On that day, Phillips 66 is projected to report earnings of $10.21 per share, which would represent year-over-year growth of 305.16%. Simultaneously, our latest consensus estimate expects the revenue to be $36.91 billion, showing a 5.53% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $28.28 per share and a revenue of $160.47 billion, signifying shifts of +339.13% and +17.51%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Phillips 66. These revisions help to show the ever-changing nature of near-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 18.55% increase. Right now, Phillips 66 possesses a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Phillips 66 is holding a Forward P/E ratio of 9.66. For comparison, its industry has an average Forward P/E of 8.92, which means Phillips 66 is trading at a premium to the group.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 11, which puts it in the top 5% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.