Phillips 66 Q1 2024 Adj EPS $1.90 Misses $2.17 Estimate, Sales $36.436B Beat $33.075B Estimate
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 reported Q1 2024 adjusted EPS of $1.90, missing the $2.17 estimate, and sales of $36.436B, beating the $33.075B estimate. This represents a 54.87% decrease in EPS and a 3.84% increase in sales from the same period last year.
April 26, 2024 | 11:05 am
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Phillips 66 reported a significant miss in Q1 2024 EPS at $1.90 vs. the $2.17 estimate but beat sales estimates with $36.436B. EPS decreased by 54.87% YOY, while sales increased by 3.84%.
The significant miss in EPS is likely to negatively impact investor sentiment in the short term, despite the sales beat. The sharp decrease in EPS YOY further compounds concerns, potentially leading to a negative short-term price movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100