Phillips 66 Partners PSXP announces its next round of earnings this Friday, July 31. Here is Benzinga's everything-that-matters guide for this Friday's Q2earnings announcement.
Earnings and Revenue
Phillips 66 Partners EPS is expected to be around $0.74, according to sell-side analysts. Sales will likely be near $365.82 million. In the same quarter last year, Phillips 66 Partners reported earnings per share of $1.15 on sales of $401.00 million. Analysts estimate would represent a 35.65% decrease in the company's earnings. Sales would be down 11.16% on a year-over-year basis. Phillips 66 Partners's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.93 | 0.96 | 0.97 | 1.02 |
| EPS Actual | 0.93 | 1.06 | 1.15 | 1.15 |
| Revenue Estimate | 411.79 M | 418.15 M | 405.49 M | 393.39 M |
| Revenue Actual | 404.00 M | 432.00 M | 411.00 M | 401.00 M |
Stock Performance
Over the last 52-week period, shares are down 46.26%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Phillips 66 Partners is scheduled to hold the call at 14:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Funitholder.phillips66partners.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2400325&sessionid=1&key=4C21E895A41254DA4B3F696018E716BE®Tag=&sourcepage=register
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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