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Phillips 66 (PSX) Increases Despite Market Slip: Here's What You Need to Know
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Phillips 66 (PSX - Free Report) closed the most recent trading day at $255.31, moving +1.21% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.25%. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq added 0.24%.
Shares of the oil refiner witnessed a gain of 0.09% over the previous month, beating the performance of the Oils-Energy sector with its loss of 0.62%, and the S&P 500's loss of 0.42%.
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 October 28, 2026. On that day, Phillips 66 is projected to report earnings of $9.98 per share, which would represent year-over-year growth of 296.03%. Alongside, our most recent consensus estimate is anticipating revenue of $36.91 billion, indicating a 5.53% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $28.12 per share and a revenue of $158.7 billion, representing changes of +336.65% and +16.21%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Phillips 66. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 17.86% higher. At present, Phillips 66 boasts a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Phillips 66 is presently trading at a Forward P/E ratio of 8.97. This expresses a premium compared to the average Forward P/E of 8.82 of its industry.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 23, this industry ranks in the top 10% 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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Phillips 66 (PSX) Increases Despite Market Slip: Here's What You Need to Know
Phillips 66 (PSX - Free Report) closed the most recent trading day at $255.31, moving +1.21% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.25%. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq added 0.24%.
Shares of the oil refiner witnessed a gain of 0.09% over the previous month, beating the performance of the Oils-Energy sector with its loss of 0.62%, and the S&P 500's loss of 0.42%.
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 October 28, 2026. On that day, Phillips 66 is projected to report earnings of $9.98 per share, which would represent year-over-year growth of 296.03%. Alongside, our most recent consensus estimate is anticipating revenue of $36.91 billion, indicating a 5.53% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $28.12 per share and a revenue of $158.7 billion, representing changes of +336.65% and +16.21%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Phillips 66. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 17.86% higher. At present, Phillips 66 boasts a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Phillips 66 is presently trading at a Forward P/E ratio of 8.97. This expresses a premium compared to the average Forward P/E of 8.82 of its industry.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 23, this industry ranks in the top 10% 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.