As investors eagerly await the Q4 earnings report of Phillips 66 (PSX), set to be released on January 31st before the market opens, all eyes are on the energy giant’s performance. Having exceeded expectations in the previous quarter, the question remains: Can Phillips 66 sustain its momentum?
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Expected Q4 Earnings Report of Phillips 66:
In the last quarter, Phillips 66 reported an earnings per share (EPS) of $2.04, surpassing analyst expectations, with revenue reaching $36.16 billion. For this quarter, analysts project an EPS of $1.23 and forecast revenue of $35.77 billion.
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The stock opened at $121.13, reflecting a market capitalization of $50.02 billion and a price-to-earnings (PE) ratio of 15.55. Over the past 52 weeks, the stock has fluctuated between $108.90 and $174.08.
Stock Target Advisor’s Analysis on Phillips 66:
Stock Target Advisor has issued a ‘Sell’ rating for Phillips 66, with a target price of $148.65. While the company exhibits five positive signals and eight negative signals. The average analyst target price for Phillips 66 stands at USD 146.59, slightly lower than Stock Target Advisor’s estimate.
Want to see what analysts are saying? Explore the Latest Analyst Ratings before making your decision.
Conclusion:
While Wall Street analysts maintain a generally positive outlook with a ‘Strong Buy’ rating for PSX, Stock Target Advisor remains cautious, urging investors to monitor key financial metrics, analyst insights, and sector trends closely.
Phillips 66’s past performance suggests potential for a solid Q4 showing, but investors should exercise due diligence before making any investment decisions.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
