Phillips 66 Rises 1.21% as Zacks Sets Strong Buy Ahead of October 28 Earnings

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Phillips 66 closed the most recent trading day at $255.31, up 1.21% from the previous session, outperforming the S&P 500, which lost 0.25%, while the Dow lost 0.86% and the Nasdaq added 0.24%. The oil refiner is scheduled to release its earnings on October 28, 2026, and is projected to report earnings of $9.98 per share, representing year-over-year growth of 296.03%, on revenue of $36.91 billion, a 5.53% increase from the same quarter last year. For the entire fiscal year, the Zacks Consensus Estimates project earnings of $28.12 per share and revenue of $158.7 billion, representing changes of +336.65% and +16.21%, respectively, from the prior year. Over the past 30 days, the consensus EPS projection has moved 17.86% higher, and Phillips 66 currently carries a Zacks Rank of #1 (Strong Buy). The stock trades at a Forward P/E ratio of 8.97, a premium to the average Forward P/E of 8.82 for its Oil and Gas - Refining and Marketing industry, which holds a Zacks Industry Rank of 23, placing it in the top 10% of more than 250 industries.

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Zacks sets a #1 Strong Buy rank with EPS estimates revised 17.86% higher ahead of October 28 earnings.