In the latest trading session, Phillips 66 (PSX) closed at $139.08, marking a +1.82% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.5%. Elsewhere, the Dow saw a downswing of 0.38%, while the tech-heavy Nasdaq depreciated by 0.5%.
The oil refiner's shares have seen an increase of 2.99% over the last month, not keeping up with the Oils-Energy sector's gain of 3.33% and outstripping the S&P 500's gain of 2.74%.
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 October 29, 2025. The company's earnings per share (EPS) are projected to be $2.37, reflecting a 16.18% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $30.04 billion, indicating a 16.93% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $5.34 per share and a revenue of $129.02 billion, demonstrating changes of -13.17% and -11.32%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Phillips 66. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 11.85% increase. At present, Phillips 66 boasts a Zacks Rank of #3 (Hold).
With respect to valuation, Phillips 66 is currently being traded at a Forward P/E ratio of 25.59. This indicates a premium in contrast to its industry's Forward P/E of 17.44.
It's also important to note that PSX currently trades at a PEG ratio of 1.94. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Refining and Marketing industry had an average PEG ratio of 1.5 as trading concluded yesterday.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 73, finds itself in the top 30% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Phillips 66 (PSX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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