Phillips 66 Q3 Adj. EPS $4.63 Misses $4.76 Estimate
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 (NYSE:PSX) reported Q3 earnings of $4.63 per share, missing the analyst consensus estimate of $4.76 by 2.73 percent. This represents a 28.33 percent decrease from the same period last year.
October 27, 2023 | 11:01 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Phillips 66's Q3 earnings per share of $4.63 missed the consensus estimate of $4.76 by 2.73 percent, a 28.33 percent decrease YoY.
Earnings reports are a key indicator of a company's financial health. Missing earnings estimates, especially by a significant margin, can negatively impact investor sentiment and lead to a decrease in stock price. In this case, Phillips 66 not only missed estimates but also reported a significant decrease in earnings YoY, which could lead to a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100