Earnings Preview: Phillips 66 (PSX) Q3 Earnings Expected to Decline

The market expects Phillips 66 (PSX) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 29, 2024, might help the stock move higher if these key numbers a ...