Is Trending Stock Phillips 66 (PSX) a Buy Now?

Core Viewpoint - Phillips 66 has been trending as a highly searched stock, with its recent performance showing a return of +1.6% over the past month, compared to +3.4% for the S&P 500 and +3.2% for the Oil and Gas - Refining and Marketing industry [1] Earnings Estimate Revisions - The current quarter's earnings estimate for Phillips 66 is $2.58 per share, reflecting a decrease of -38.7% year-over-year, with a -3.7% change in the Zacks Consensus Estimate over the last 30 days [3] - For the current fiscal year, the consensus earnings estimate is$ 13.06, indicating a -17.4% change from the previous year, with a +2.2% change in the estimate over the last 30 days [3] - The next fiscal year's consensus earnings estimate is $13.62, showing a +4.3% change from the prior year, with a +0.9% change in the estimate over the past month [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is$ 31.71 billion, indicating a year-over-year change of -9.6% [5] - For the current fiscal year, the sales estimate is $133.96 billion, reflecting a -10.6% change, while the next fiscal year's estimate is$ 135.21 billion, indicating a +0.9% change [5] Last Reported Results and Surprise History - In the last reported quarter, Phillips 66 had revenues of $38.74 billion, a year-over-year decrease of -5.3%, and an EPS of$ 3.09 compared to $4 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of$ 34.3 billion by +12.93%, and the EPS surprise was +30.38% [6] - Over the last four quarters, Phillips 66 surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [7] Valuation - Phillips 66's valuation is assessed through various multiples, including price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to determine if the stock is fairly valued, overvalued, or undervalued [8] - The Zacks Value Style Score for Phillips 66 is graded A, indicating it is trading at a discount to its peers [9] Conclusion - The Zacks Rank 3 suggests that Phillips 66 may perform in line with the broader market in the near term, despite the market buzz surrounding the stock [10]