Phillips 66 (PSX) ended the recent trading session at $158.76, demonstrating a -1.02% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.18%. Meanwhile, the Dow gained 0.66%, and the Nasdaq, a tech-heavy index, added 1.96%.
Shares of the oil refiner witnessed a loss of 7.54% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 2.34%, and the S&P 500's gain of 3.93%.
Analysts and investors alike will be keeping a close eye on the performance of Phillips 66 in its upcoming earnings disclosure. The company's earnings report is set to go public on April 29, 2026. In that report, analysts expect Phillips 66 to post earnings of $0.81 per share. This would mark year-over-year growth of 190%. Simultaneously, our latest consensus estimate expects the revenue to be $29.53 billion, showing a 6.93% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $13.37 per share and revenue of $130.82 billion, indicating changes of +107.61% and -4.2%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Phillips 66. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 15.6% higher. Phillips 66 is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Phillips 66 is holding a Forward P/E ratio of 12. This represents a premium compared to its industry average Forward P/E of 11.85.
Meanwhile, PSX's PEG ratio is currently 0.28. 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. As the market closed yesterday, the Oil and Gas - Refining and Marketing industry was having an average PEG ratio of 0.57.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 49, which puts it in the top 21% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Phillips 66 (PSX): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).