Investors Heavily Search Phillips 66 (PSX): Here is What You Need to Know

Core Viewpoint - Phillips 66 has experienced a significant decline in stock performance recently, with a return of -9.3% over the past month, contrasting with the S&P 500's +7.3% and the oil refining industry's -1.9% [1] Earnings Estimates Revisions - The expected earnings for Phillips 66 for the current quarter are $3.46 per share, reflecting a year-over-year decrease of -10.6% and a 30-day change of -21.4% [3] - The consensus earnings estimate for the current fiscal year is $12.26, indicating a year-over-year decline of -22.5% and a 30-day change of -11% [3] - For the next fiscal year, the consensus estimate is $14.59, showing a year-over-year increase of +19% with a slight 30-day change of -0.3% [3] Revenue Growth Projections - The consensus sales estimate for the current quarter is $32.06 billion, indicating a year-over-year decline of -10.3% [5] - The sales estimates for the current and next fiscal years are $133.14 billion and $128.52 billion, reflecting changes of -11.2% and -3.5%, respectively [5] Last Reported Results - In the last reported quarter, Phillips 66 generated revenues of $36.44 billion, a year-over-year increase of +3.8% [6] - The reported EPS was $1.90, down from $4.21 a year ago, with a revenue surprise of +17.35% compared to the consensus estimate [6] - Over the last four quarters, the company surpassed consensus EPS estimates twice and revenue estimates three times [6] Valuation Metrics - Phillips 66 is currently evaluated using various valuation multiples, including price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to assess whether the stock is fairly valued [7] - The Zacks Value Style Score indicates that Phillips 66 is graded A, suggesting it is trading at a discount compared to its peers [9] Conclusion - The Zacks Rank 3 for Phillips 66 indicates that the stock may perform in line with the broader market in the near term, despite the recent market buzz [10]