Phillips 66 (NYSE:PSX) is set to announce third quarter earning results on Friday 30th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PSX to report 3Q20 loss of $ 0.79 per share.
For the full year, analysts anticipate top line of $ 68723.90 million, while looking forward to loss of $ 0.46 per share bottom line.
Previous Quarter Performance
Phillips 66 revealed loss for the second quarter of $ 0.74 per share, from the revenue of $ 11,183.00 million. The quarterly revenues contracted 60.79 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.92 per share from $ 15374.70 million in revenue. The bottom line results beat street analysts by $ 0.18 or 19.57 percent, at the same time, top line results fell short of analysts by $ 4 million or 27.26 percent.
Stock Performance
Shares of Phillips 66 traded up $ 1.76 or 3.98 percent on Thursday, reaching $ 45.98 with volume of 4.32 million shares. Phillips 66 has traded high as $ 46.18 and has cracked $ 43.27 on the downward trend
According to the previous trading day, closing price of $ 45.98, representing a 10.44 % increase from the 52 week low of $ 40.04 and a 63.13 % decrease over the 52 week high of $ 119.92.
The company has a market capital of $ 20.08 billion and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 63.00 target price.
- On 6th October 2020, maintained by Barclays at Overweight rating, with $ 64.00 target price.
- On 18th September 2020, maintained by Raymond James at Outperform rating, with $ 69.00 target price.
- On 9th September 2020, maintained by Piper Sandler at Overweight rating, with $ 84.00 target price.
Conference Call
Phillips 66 will be hosting a conference call at 12:00 PM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.phillips66.com
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined products to market; provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
