Here is What to Know Beyond Why Phillips 66 (PSX) is a Trending Stock

Core Viewpoint - Phillips 66 has experienced a significant decline in stock performance, with a return of -15.5% over the past month, underperforming the Zacks S&P 500 composite and the broader Oil and Gas - Refining and Marketing industry [1] Earnings Estimate Revisions - The consensus earnings estimate for Phillips 66 is $3.88 per share for the current quarter, reflecting a year-over-year increase of +0.3% and a +4.5% change over the last 30 days [3] - The consensus earnings estimate for the current fiscal year is $13.13, indicating a year-over-year decrease of -17%, with a +1.7% change over the last month [3] - For the next fiscal year, the consensus estimate is $14.63, showing an increase of +11.4% year-over-year, with a +9.8% change in the last month [3] - Phillips 66 holds a Zacks Rank 3 (Hold), influenced by recent changes in earnings estimates and other related factors [3] Revenue Growth Forecast - The consensus sales estimate for Phillips 66 is $34.22 billion for the current quarter, indicating a year-over-year decline of -4.2% [5] - The sales estimates for the current and next fiscal years are $136.66 billion and $136.57 billion, reflecting changes of -8.8% and -0.1%, respectively [5] Last Reported Results and Surprise History - In the last reported quarter, Phillips 66 generated revenues of $36.44 billion, a year-over-year increase of +3.8%, while EPS was $1.90 compared to $4.21 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of $31.05 billion by +17.35%, although the EPS fell short by -7.32% [6] - Over the last four quarters, Phillips 66 surpassed consensus EPS estimates twice and revenue estimates three times [7] Valuation - Phillips 66 is graded A on the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [9] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is fairly valued [8]