PSX - Phillips 66 Q2 2023 Earnings Preview

2023-08-01 13:33:09 ET

• Phillips 66 ( NYSE: PSX ) is scheduled to announce Q2 earnings results on Wednesday, August 2nd, before market open.
• The consensus EPS Estimate is $3.56 and the consensus Revenue Estimate is $37.66B
• Rival Valero Energy beat Q2 estimates driven partly by record breaking results in its renewable diesel business, Marathon Petroleum also beat estimates, but reported lower profit on weaker refining margins
• PSX has a QUANT rating of BUY with a 4.34 rating score
• Wall Street and SA analysts rate it a BUY, the stock has gained nearly 10% YTD
• Over the last 2 years, PSX has beaten EPS estimates 88% of the time and has beaten revenue estimates 13% of the time.
• Over the last 3 months, EPS estimates have seen 2 upward revisions and 11 downward. Revenue estimates have seen 0 upward revisions and 7 downward.
• Recent earnings Analysis from our contributors: Phillips 66: Q2 Results To Show, Once Again, Weak Chemicals Margin

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