Phillips 66 (PSX) Stock Dips While Market Gains: Key Facts

Phillips 66 (PSX) ended the recent trading session at $175.64, demonstrating a -3.59% change from the preceding day's closing price. This change lagged the S&P 500's 0.72% gain on the day. At the same time, the Dow added 0.48%, and the tech-heavy Nasdaq gained 1.16%.

Prior to today's trading, shares of the oil refiner had gained 14.02% outpaced the Oils-Energy sector's gain of 9.32% and the S&P 500's loss of 4.99%.

Analysts and investors alike will be keeping a close eye on the performance of Phillips 66 in its upcoming earnings disclosure. The company's earnings report is set to go public on April 29, 2026. It is anticipated that the company will report an EPS of $2.22, marking a 346.67% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $29.03 billion, down 8.51% from the year-ago period.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.79 per share and revenue of $122.46 billion, indicating changes of +98.6% and -10.33%, respectively, compared to the previous year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Phillips 66. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.17% higher. Phillips 66 is currently sporting a Zacks Rank of #3 (Hold).

With respect to valuation, Phillips 66 is currently being traded at a Forward P/E ratio of 14.24. This valuation marks a discount compared to its industry average Forward P/E of 14.74.

It is also worth noting that PSX currently has a PEG ratio of 0.34. 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 average PEG ratio for the Oil and Gas - Refining and Marketing industry stood at 0.6 at the close of the market yesterday.

The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 76, placing it within the top 32% of over 250 industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow PSX in the coming trading sessions, be sure to utilize Zacks.com.

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This article originally published on Zacks Investment Research (zacks.com).

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