Phillips 66 (PSX) Ascends While Market Falls: Some Facts to Note

Phillips 66 (PSX) closed the most recent trading day at $130.00, moving +2.85% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.07%. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq appreciated by 0.03%.

Coming into today, shares of the oil refiner had gained 8.87% in the past month. In that same time, the Oils-Energy sector gained 3.17%, while the S&P 500 gained 3.94%.

The investment community will be closely monitoring the performance of Phillips 66 in its forthcoming earnings report. The company is scheduled to release its earnings on July 25, 2025. On that day, Phillips 66 is projected to report earnings of $1.71 per share, which would represent a year-over-year decline of 25.97%. In the meantime, our current consensus estimate forecasts the revenue to be $30.54 billion, indicating a 21.51% decline compared to the corresponding quarter of the prior year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.26 per share and revenue of $122.7 billion. These totals would mark changes of -30.73% and -15.67%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for Phillips 66. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.63% lower. Right now, Phillips 66 possesses a Zacks Rank of #3 (Hold).

Looking at its valuation, Phillips 66 is holding a Forward P/E ratio of 29.66. This valuation marks a premium compared to its industry average Forward P/E of 18.23.

One should further note that PSX currently holds a PEG ratio of 1.98. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Refining and Marketing industry currently had an average PEG ratio of 1.62 as of yesterday's close.

The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 31% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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