Phillips 66 Plunges 4.63% Amid Earnings Fears

On April 3, 2025, Phillips 66's stock experienced a significant drop of 4.63% during pre-market trading, reflecting a notable decline in investor sentiment.

Phillips 66's recent performance has been influenced by several factors. The company's stock has seen a modest gain of 1.68% over the past month, which, while positive, trails the broader Oils-Energy sector's gain of 3.06%. This discrepancy suggests that while the energy sector as a whole is performing well, Phillips 66 is not keeping pace with its peers.

Investors are closely watching Phillips 66's upcoming earnings report, scheduled for April 25, 2025. Analysts predict a significant decline in earnings per share (EPS) to $0.03, a 98.42% drop from the same quarter last year. Revenue is also expected to decrease by 15.67% to $30.73 billion. These projections indicate a challenging quarter for the company, which could further impact its stock price.

The Zacks Rank system, which evaluates stocks based on changes in analyst estimates, currently rates Phillips 66 as a #3 (Hold). This rating reflects a cautious outlook, with a 15.39% decrease in the Zacks Consensus EPS estimate over the past month. The company's Forward P/E ratio of 22.17 and PEG ratio of 5.54 also suggest that its stock is trading at a premium compared to industry averages, which could be a concern for value-oriented investors.