Phillips 66 (PSX) Gears Up for Q4 Earnings: What's in Store?

Phillips 66 (PSX) is set to report fourth-quarter 2023 earnings on Jan 31, before the opening bell.In the last reported quarter, the company’s earnings of $4.63 per share missed the Zacks Consensus Estimate of $4.78 due to declining refining margins worldwide. 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 3.9%. This is depicted in the graph below.Estimate TrendThe Zacks Consensus Estimate for fourth-quarter ...