What's in Store for Phillips 66 (PSX) This Earnings Season?

Phillips 66 (PSX) is set to report second-quarter 2024 earnings on Jul 30, before the opening bell.In the last reported quarter, the company’s earnings of $1.90 per share missed the Zacks Consensus Estimate of $2.05 due to lower refining margins worldwide and increased expenses. PSX’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed the same twice, delivering an average surprise of 7.3%. This is depicted in the graph below.Estimate TrendThe Zacks Consensus Estimate ...