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Phillips 66 (PSX) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest close session, Phillips 66 (PSX - Free Report) was down 1.88% at $284.63. This change lagged the S&P 500's 1.21% loss on the day. Elsewhere, the Dow saw an upswing of 0.02%, while the tech-heavy Nasdaq depreciated by 2.6%.
Shares of the oil refiner witnessed a gain of 13.1% over the previous month, beating the performance of the Oils-Energy sector with its gain of 8.71%, and the S&P 500's loss of 0.03%.
The upcoming earnings release of Phillips 66 will be of great interest to investors. The company's earnings report is expected on October 28, 2026. The company is forecasted to report an EPS of $12.02, showcasing a 376.98% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $33.72 billion, showing a 3.59% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $31.17 per share and a revenue of $157.12 billion, indicating changes of +384.01% and +15.05%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Phillips 66. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 10.22% rise in the Zacks Consensus EPS estimate. Phillips 66 is currently sporting a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Phillips 66 is currently being traded at a Forward P/E ratio of 9.31. For comparison, its industry has an average Forward P/E of 8.31, which means Phillips 66 is trading at a premium to the group.
It is also worth noting that PSX currently has a PEG ratio of 0.17. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Oil and Gas - Refining and Marketing industry stood at 0.22 at the close of the market yesterday.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 4, placing it within the top 2% of over 250 industries.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Phillips 66 (PSX) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest close session, Phillips 66 (PSX - Free Report) was down 1.88% at $284.63. This change lagged the S&P 500's 1.21% loss on the day. Elsewhere, the Dow saw an upswing of 0.02%, while the tech-heavy Nasdaq depreciated by 2.6%.
Shares of the oil refiner witnessed a gain of 13.1% over the previous month, beating the performance of the Oils-Energy sector with its gain of 8.71%, and the S&P 500's loss of 0.03%.
The upcoming earnings release of Phillips 66 will be of great interest to investors. The company's earnings report is expected on October 28, 2026. The company is forecasted to report an EPS of $12.02, showcasing a 376.98% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $33.72 billion, showing a 3.59% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $31.17 per share and a revenue of $157.12 billion, indicating changes of +384.01% and +15.05%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Phillips 66. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 10.22% rise in the Zacks Consensus EPS estimate. Phillips 66 is currently sporting a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Phillips 66 is currently being traded at a Forward P/E ratio of 9.31. For comparison, its industry has an average Forward P/E of 8.31, which means Phillips 66 is trading at a premium to the group.
It is also worth noting that PSX currently has a PEG ratio of 0.17. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Oil and Gas - Refining and Marketing industry stood at 0.22 at the close of the market yesterday.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 4, placing it within the top 2% of over 250 industries.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.