Zacks Equity Research
3 min read
Phillips 66 (PSX) ended the recent trading session at $189.82, demonstrating a +1.07% change from the preceding day’s closing price. The stock outpaced the S&P 500’s daily gain of 0.81%. Elsewhere, the Dow saw an upswing of 0.27%, while the tech-heavy Nasdaq appreciated by 1.3%.
The stock of oil refiner has risen by 3.35% in the past month, leading the Oils-Energy sector’s loss of 3.61% and the S&P 500’s gain of 1.13%.
The upcoming earnings release of Phillips 66 will be of great interest to investors. The company’s earnings report is expected on August 5, 2026. The company is predicted to post an EPS of $6.99, indicating a 193.7% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $36.91 billion, indicating a 10.1% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $19.27 per share and a revenue of $146.18 billion, representing changes of +199.22% and +7.04%, respectively, from the prior year.
Any recent changes to analyst estimates for Phillips 66 should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 9.42% higher within the past month. As of now, Phillips 66 holds a Zacks Rank of #3 (Hold).
In terms of valuation, Phillips 66 is currently trading at a Forward P/E ratio of 9.75. For comparison, its industry has an average Forward P/E of 9.75, which means Phillips 66 is trading at no noticeable deviation to the group.
It’s also important to note that PSX currently trades at a PEG ratio of 0.25. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. The Oil and Gas – Refining and Marketing industry had an average PEG ratio of 0.38 as trading concluded yesterday.
