Analysts anticipate Phillips 66 to report an earnings per share (EPS) of $1.72.
Anticipation surrounds Phillips 66's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Overview of Past Earnings
In the previous earnings release, the company missed EPS by $0.24, leading to a 1.15% drop in the share price the following trading session.
Here's a look at Phillips 66's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
2.55
2.17
2.34
4.76
EPS Actual
2.31
1.90
3.09
4.63
Price Change %
-1.0%
-4.0%
1.0%
1.0%
Tracking Phillips 66's Stock Performance
Shares of Phillips 66 were trading at $128.17 as of October 25. Over the last 52-week period, shares are up 12.28%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Analyst Insights on Phillips 66
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Phillips 66.
Analysts have given Phillips 66 a total of 15 ratings, with the consensus rating being Outperform. The average one-year price target is $151.33, indicating a potential ...
