Phillips 66 Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Phillips 66 PSX is expected to release financial results for its third quarter, before the opening bell on Oct. 27, 2023.

Analysts expect the company to post quarterly earnings at $4.76 per share, down from year-ago earnings of $6.46 per share. The company’s revenue might come in at $38.96 billion, compared to $48.76 billion in the year-ago period.

Phillips 66 shares fell 0.6% to close at $110.10 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Raymond James analyst Justin Jenkins maintained an Outperform rating and cut the price target from $133 to $128 on Oct. 6, 2023. This analyst has an accuracy rate of 79%.
• Piper Sandler analyst Ryan Todd maintained an Overweight rating and lowered the price target from $138 to $134 on Oct. 5, 2023. This analyst has an accuracy rate of 79%.
• B of A Securities analyst Doug Leggate maintained a Neutral rating and raised the price target from $141 to $143 on Sept. 18, 2023. This analyst has an accuracy rate of 75%.
• Wells Fargo analyst Roger Read maintained an Overweight rating and boosted the price target from $130 to $144 on Sept. 8, 2023. This analyst has an accuracy rate of 76%.
• Goldman Sachs analyst Neil Mehta maintained a Buy rating and increased the price target from $125 to $141 on Sept. 1, 2023. This analyst has an accuracy rate of 73%.

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