Analysts Estimate Phillips 66 (PSX) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Phillips 66 due to lower revenues, with a consensus EPS estimate of $2.41, reflecting a -39.8% change [2][5]. Earnings Expectations - Revenues for Phillips 66 are expected to be $34.3 billion, down 16.1% from the previous year [2]. - The consensus EPS estimate has been revised 3.37% lower in the last 30 days, indicating a reassessment by analysts [2]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows that the Most Accurate Estimate for Phillips 66 matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [5]. - The stock holds a Zacks Rank of 3, making it challenging to predict an earnings beat [6]. Historical Performance - In the last reported quarter, Phillips 66 had an expected EPS of $4.78 but reported $4.63, resulting in a surprise of -3.14% [7]. - Over the last four quarters, the company has beaten consensus EPS estimates two times [7]. Industry Comparison - In the same industry, Marathon Petroleum is expected to post earnings of $2.36 per share, indicating a -64.5% year-over-year change, with revenues expected at $33.73 billion, down 15.9% [9]. - Marathon Petroleum has a higher Earnings ESP of 2.21% and has beaten consensus EPS estimates in the last four quarters [9].