Phillips 66 Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Phillips 66 (NYSE:PSX) is expected to report lower Q3 earnings with an estimate of $4.76 per share, down from $6.46 per share a year ago. The company's revenue is projected to be $38.96 billion, compared to $48.76 billion in the same period last year. Analysts from Raymond James, Piper Sandler, B of A Securities, Wells Fargo, and Goldman Sachs have recently revised their price targets for PSX.
October 27, 2023 | 6:38 am
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Phillips 66 is expected to report lower Q3 earnings and revenue. Analysts have revised their price targets for the stock.
The expected decrease in earnings and revenue for Phillips 66 is likely to negatively impact the stock price in the short term. The revised price targets by analysts also indicate a potential change in the stock's valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100