Phillips 66 (PSX) Stock: Key Factors to Watch in Upcoming Earnings Release and Industry Trends

In the latest trading session, Phillips 66 (PSX) closed at $119.46, marking a -1.3% move from the prior day. The stock's performance lagged behind the S&P 500's daily gain of 1.11%, as the Dow gained 1.19% and the tech-heavy Nasdaq added 1.43%.

Prior to today's trading, shares of the oil refiner had gained 6.98%, outpacing the Oils-Energy sector's gain of 5.39% and the S&P 500's gain of 3.92%. Investors will be eagerly watching for the performance of Phillips 66 in its upcoming earnings disclosure, which is set to be unveiled on July 25, 2025.

The company's upcoming EPS is projected at $1.71, signifying a 25.97% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $30.58 billion, indicating a 21.42% 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 $4.29 per share and revenue of $122.77 billion. These totals would mark changes of -30.24% and -15.62%, respectively, from last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Phillips 66. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank, which considers these estimate changes and provides a simple, actionable rating system ranging from #1 (Strong Buy) to #5 (Strong Sell).

Phillips 66 is currently sporting a Zacks Rank of #3 (Hold). Additionally, investors should note that Phillips 66 has a Forward P/E ratio of 28.2 right now, which signifies a premium in comparison to the average Forward P/E of 17.74 for its industry. The company also has a PEG ratio of 1.88, which is higher than the industry average of 1.58 for Oil and Gas - Refining and Marketing.

The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector and currently holds a Zacks Industry Rank of 150, positioning it in the bottom 40% of all 250+ industries. Be sure to use Zacks.com to monitor all these stock-influencing metrics throughout the forthcoming trading sessions.

In conclusion, while Phillips 66's stock performance has been strong recently, investors should keep a close eye on upcoming earnings and industry trends to make informed investment decisions. The Zacks Rank system can provide valuable insights into the company's potential for growth and profitability.