Phillips 66's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Phillips 66 (NYSE:PSX) is expected to release its quarterly earnings report on January 31, 2024, with an estimated EPS of $2.34. Investors are looking for an earnings beat and positive guidance for future growth. Historically, PSX's stock price has shown varied reactions to earnings reports, with a slight drop following a miss last quarter. The stock has been performing well over the past year, with a 41.59% increase in share price.
January 30, 2024 | 3:01 pm
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NEUTRAL IMPACT
Phillips 66 is anticipated to report quarterly earnings with an EPS estimate of $2.34. A positive earnings surprise and guidance could boost investor sentiment, while a miss may negatively impact the stock price.
The estimated EPS of $2.34 sets a benchmark for Phillips 66's performance. Given the stock's positive trend over the past year, a beat on this estimate could continue the bullish sentiment, while a miss, especially following last quarter's miss, could lead to a short-term price decline. However, the market's focus on guidance means that even with an earnings beat, if the company's forecast is not favorable, the stock could still face downward pressure. The confidence score reflects the uncertainty inherent in earnings reports and market reactions.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100