Phillips 66 Stock Up 1.04% as Q1 EPS Forecast Triples to $1.90
Phillips 66 shares rose 1.04% as the S&P 500 fell 0.57%, outperforming its sector’s 7.17% gain. Analysts forecast Q1 EPS of $1.90 (311% YOY growth) on $28.7 billion revenue (-9.4%), with full-year EPS of $11.40 (+77%) and a forward P/E of 14.45 versus 15.13 industry average.
1. Trading Performance
Phillips 66 closed at $166.44, marking a 1.04% increase from the prior session while the S&P 500 dipped 0.57%. This performance also outpaced the Oils-Energy sector’s one-day gain of 7.17%, highlighting strong investor interest in the refining business.
2. Q1 Earnings and Revenue Estimates
Analysts project first-quarter earnings of $1.90 per share, reflecting 311% year-over-year growth, on revenue of $28.73 billion, down 9.44% from the year-ago period. The sharp EPS rebound is driven by margin improvements and operational efficiencies in refining and marketing.
3. Full-Year Outlook
For the full year, earnings estimates stand at $11.40 per share (up 77%) against revenue of $123.45 billion (down 9.6%), indicating continued profitability despite lower throughput volumes. Investors will monitor refining margins and global demand trends as key drivers.
4. Valuation and Analyst Sentiment
Phillips 66 trades at a forward P/E of 14.45, below the 15.13 industry average, and holds a PEG ratio of 0.58 versus the industry’s 1.36. Recent upward revisions to consensus estimates have led to a Hold rating, reflecting cautious optimism among analysts.