PSX - Phillips 66 Q1 Earnings all set with strong asset base bullish industry analyst ratings to push stock price further higher

Phillips 66 (NYSE:PSX) is scheduled to announce Q1 earnings results on Friday, April 29th, before market open. The consensus EPS Estimate is $1.27 (compared to -$1.16 in year ago quarter) and the consensus Revenue Estimate is $34.86B (+59.0% Y/Y). In the March quarter, demand for refined petroleum products improved since economies opened up and thereby this would push the company's earnings higher. In its prior earnings call, the company provided the following outlook: Over the last 2 years, PSX has beaten EPS estimates 75% of the time and has beaten revenue estimates 50% of the time. Over the last 3 months, EPS estimates have seen 2 upward revisions and 10 downward. Revenue estimates have seen 3 upward revisions and 0 downward. Peer company Valero set a positive tone for the Q1 earnings with a refining-led beat in Q1 EPS and revenue. Quick look at company's profitability metrics compared to peers: Ahead of

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Phillips 66 Q1 Earnings all set with strong asset base, bullish industry, analyst ratings to push stock price further higher