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Countdown to Phillips 66 (PSX) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
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Analysts on Wall Street project that Phillips 66 (PSX - Free Report) will announce quarterly earnings of $12.02 per share in its forthcoming report, representing an increase of 377% year over year. Revenues are projected to reach $33.72 billion, declining 3.6% from the same quarter last year.
Over the last 30 days, there has been an upward revision of 20.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Phillips 66 metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Revenues and Other Income- Sales and other operating revenues' stands at $33.66 billion. The estimate points to a change of -2.5% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues and Other Income- Equity in earnings of affiliates' will likely reach $303.56 million. The estimate suggests a change of -9.9% year over year.
According to the collective judgment of analysts, 'Total sales and other operating revenues- Renewable Fuels' should come in at $859.74 million. The estimate indicates a change of -46.6% from the prior-year quarter.
The average prediction of analysts places 'Refining Margins - Western/Pacific (Per Barrel)' at $37.59 . The estimate compares to the year-ago value of $12.31 .
It is projected by analysts that the 'Refining Margins - Atlantic Basin/Europe (Per Barrel)' will reach $32.76 . The estimate compares to the year-ago value of $11.94 .
Analysts expect 'Refining Margins - Gulf Coast (Per Barrel)' to come in at $31.24 . The estimate is in contrast to the year-ago figure of $8.74 .
The collective assessment of analysts points to an estimated 'Refining Margins - Worldwide (Per Barrel)' of $35.65 . Compared to the current estimate, the company reported $12.15 in the same quarter of the previous year.
Analysts predict that the 'Refining Margins - Central Corridor (Per Barrel)' will reach $40.60 . Compared to the current estimate, the company reported $15.82 in the same quarter of the previous year.
Analysts forecast 'Refining operations - West Coast - Crude oil capacity' to reach 105.00 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 244.00 thousands of barrels of oil per day.
Analysts' assessment points toward 'Chemicals - CPChem Externally Marketed Sales Volumes' reaching 5799 millions of pounds. Compared to the present estimate, the company reported 6572 millions of pounds in the same quarter last year.
Based on the collective assessment of analysts, 'Refining operations - Central Corridor - Crude oil capacity' should arrive at 793.00 thousands of barrels of oil per day. The estimate compares to the year-ago value of 531.00 thousands of barrels of oil per day.
The consensus among analysts is that 'Refining operations - Central Corridor - Crude oil processed' will reach 754.70 thousands of barrels of oil per day. The estimate compares to the year-ago value of 549.00 thousands of barrels of oil per day.
Over the past month, shares of Phillips 66 have returned +11.2% versus the Zacks S&P 500 composite's -1.2% change. Currently, PSX carries a Zacks Rank #1 (Strong Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to Phillips 66 (PSX) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
Analysts on Wall Street project that Phillips 66 (PSX - Free Report) will announce quarterly earnings of $12.02 per share in its forthcoming report, representing an increase of 377% year over year. Revenues are projected to reach $33.72 billion, declining 3.6% from the same quarter last year.
Over the last 30 days, there has been an upward revision of 20.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Phillips 66 metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Revenues and Other Income- Sales and other operating revenues' stands at $33.66 billion. The estimate points to a change of -2.5% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues and Other Income- Equity in earnings of affiliates' will likely reach $303.56 million. The estimate suggests a change of -9.9% year over year.
According to the collective judgment of analysts, 'Total sales and other operating revenues- Renewable Fuels' should come in at $859.74 million. The estimate indicates a change of -46.6% from the prior-year quarter.
The average prediction of analysts places 'Refining Margins - Western/Pacific (Per Barrel)' at $37.59 . The estimate compares to the year-ago value of $12.31 .
It is projected by analysts that the 'Refining Margins - Atlantic Basin/Europe (Per Barrel)' will reach $32.76 . The estimate compares to the year-ago value of $11.94 .
Analysts expect 'Refining Margins - Gulf Coast (Per Barrel)' to come in at $31.24 . The estimate is in contrast to the year-ago figure of $8.74 .
The collective assessment of analysts points to an estimated 'Refining Margins - Worldwide (Per Barrel)' of $35.65 . Compared to the current estimate, the company reported $12.15 in the same quarter of the previous year.
Analysts predict that the 'Refining Margins - Central Corridor (Per Barrel)' will reach $40.60 . Compared to the current estimate, the company reported $15.82 in the same quarter of the previous year.
Analysts forecast 'Refining operations - West Coast - Crude oil capacity' to reach 105.00 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 244.00 thousands of barrels of oil per day.
Analysts' assessment points toward 'Chemicals - CPChem Externally Marketed Sales Volumes' reaching 5799 millions of pounds. Compared to the present estimate, the company reported 6572 millions of pounds in the same quarter last year.
Based on the collective assessment of analysts, 'Refining operations - Central Corridor - Crude oil capacity' should arrive at 793.00 thousands of barrels of oil per day. The estimate compares to the year-ago value of 531.00 thousands of barrels of oil per day.
The consensus among analysts is that 'Refining operations - Central Corridor - Crude oil processed' will reach 754.70 thousands of barrels of oil per day. The estimate compares to the year-ago value of 549.00 thousands of barrels of oil per day.
View all Key Company Metrics for Phillips 66 here>>>Over the past month, shares of Phillips 66 have returned +11.2% versus the Zacks S&P 500 composite's -1.2% change. Currently, PSX carries a Zacks Rank #1 (Strong Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .