On Friday, Phillips 66 PSX will release its Q2 earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
Wall Street analysts see Phillips 66 reporting earnings of $2.19 per share on sales of $29.13 billion.
In the same quarter last year, Phillips 66 reported EPS of $1.09 on revenue of $24.58 billion. The analyst consensus estimate would represent a 100.92 percent increase in the company's earnings. Sales would be up 18.51 percent on a year-over-year basis. Here's how the company's reported EPS has compared to analyst estimates in the past:
| Quarter | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 |
| EPS Estimate | 0.89 | 0.97 | 1.63 | 1.02 |
| EPS Actual | 1.04 | 1.07 | 1.66 | 1.09 |
Stock Performance
Over the last 52-week period, shares are up 35.93 percent. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on Phillips 66 stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Phillips 66's Q2 conference call is scheduled to begin at 8:00 a.m. ET and can be accessed here: http://investor.phillips66.com/events-and-presentations/default.aspx
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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