Phillips 66 (PSX - Free Report) closed the most recent trading day at $82.37, moving -0.5% from the previous trading session. This change was narrower than the S&P 500's daily loss of 2.06%. Meanwhile, the Dow lost 1.81%, and the Nasdaq, a tech-heavy index, lost 2.99%.
Coming into today, shares of the oil refiner had lost 11.61% in the past month. In that same time, the Oils-Energy sector lost 9.78%, while the S&P 500 lost 6.47%.
Investors will be hoping for strength from PSX as it approaches its next earnings release, which is expected to be February 1, 2019. The company is expected to report EPS of $1.92, up 79.44% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $31.31 billion, up 3.96% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.87 per share and revenue of $110.30 billion, which would represent changes of +102.51% and +5.43%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for PSX. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team 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 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. The Zacks Consensus EPS estimate has moved 1.05% higher within the past month. PSX currently has a Zacks Rank of #3 (Hold).
Investors should also note PSX's current valuation metrics, including its Forward P/E ratio of 9.33. For comparison, its industry has an average Forward P/E of 11.31, which means PSX is trading at a discount to the group.
We can also see that PSX currently has a PEG ratio of 1.1. 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. PSX's industry had an average PEG ratio of 0.95 as of yesterday's close.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 79, which puts it in the top 31% of all 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.
To follow PSX in the coming trading sessions, be sure to utilize Zacks.com.