Phillips 66 (PSX) closed at $278.18 in the latest trading session, marking a -1.21% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.6% for the day. On the other hand, the Dow registered a gain of 0.83%, and the technology-centric Nasdaq increased by 0.64%.
Coming into today, shares of the oil refiner had gained 8.93% in the past month. In that same time, the Oils-Energy sector gained 2.1%, while the S&P 500 gained 1.34%.
Investors will be eagerly watching for the performance of Phillips 66 in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 28, 2026. The company is predicted to post an EPS of $10.41, indicating a 313.1% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $34.31 billion, down 1.92% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $29.01 per share and revenue of $157.49 billion. These totals would mark changes of +350.47% and +15.33%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Phillips 66. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 18.66% higher. Phillips 66 is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note Phillips 66's current valuation metrics, including its Forward P/E ratio of 9.71. This signifies a premium in comparison to the average Forward P/E of 8.86 for its industry.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 4, this industry ranks in the top 2% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
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This article originally published on Zacks Investment Research (zacks.com).