The newest buying and selling session ended with Phillips 66 (PSX) standing at $121.86, reflecting a -0.62% shift from the previouse buying and selling day’s closing. This alteration lagged the S&P 500’s every day lack of 0.29%. Elsewhere, the Dow noticed a downswing of 0.32%, whereas the tech-heavy Nasdaq depreciated by 0.5%.
Shares of the oil refiner witnessed a achieve of 9.29% over the earlier month, beating the efficiency of the Oils-Vitality sector with its lack of 1.71% and the S&P 500’s achieve of two.52%.
Analysts and buyers alike will probably be protecting an in depth eye on the efficiency of Phillips 66 in its upcoming earnings disclosure. The corporate’s earnings report is ready to go public on January 31, 2025. It’s anticipated that the corporate will report an EPS of $0.17, marking a 94.5% fall in comparison with the identical quarter of the earlier 12 months. On the similar time, our most up-to-date consensus estimate is projecting a income of $32.25 billion, reflecting a 16.75% fall from the equal quarter final 12 months.
Buyers may additionally discover latest modifications to analyst estimates for Phillips 66. These newest changes typically mirror the shifting dynamics of short-term enterprise patterns. Therefore, optimistic alterations in estimates signify analyst optimism concerning the corporate’s enterprise and profitability.
Our analysis means that these modifications in estimates have a direct relationship with upcoming inventory worth efficiency. To learn from this, we’ve developed the Zacks Rank, a proprietary mannequin which takes these estimate modifications into consideration and supplies an actionable score system.
The Zacks Rank system, which varies between #1 (Sturdy Purchase) and #5 (Sturdy Promote), carries a formidable observe file of exceeding expectations, confirmed by exterior audits, with shares at #1 delivering a mean annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate has shifted 12.99% downward. At current, Phillips 66 boasts a Zacks Rank of #3 (Maintain).
Taking a look at valuation, Phillips 66 is presently buying and selling at a Ahead P/E ratio of 15.64. This signifies a reduction compared to the typical Ahead P/E of 16.98 for its business.
We are able to moreover observe that PSX at the moment boasts a PEG ratio of three.91. The PEG ratio is much like the widely-used P/E ratio, however this metric additionally takes the corporate’s anticipated earnings development price into consideration. The typical PEG ratio for the Oil and Fuel – Refining and Advertising and marketing business stood at 2.93 on the shut of the market yesterday.
The Oil and Fuel – Refining and Advertising and marketing business is a part of the Oils-Vitality sector. This group has a Zacks Business Rank of 68, placing it within the prime 28% of all 250+ industries.
The Zacks Business Rank gauges the energy of our particular person business teams by measuring the typical Zacks Rank of the person shares throughout the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
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Phillips 66 (PSX) : Free Stock Analysis Report
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