Phillips 66 reports results for the quarter ended December 31 - Earnings Summary

• Phillips 66 PSX.N reported a quarterly adjusted loss of 15 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $3.09. The mean expectation of eighteen analysts for the quarter was for a loss of 23 cents per share. Wall Street expected results to range from -36 cents to 8 cents per share.

• Revenue fell 12.3% to $33.99 billion from a year ago; analysts expected $32.24 billion.

• Phillips 66's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $8 million.

• Phillips 66 shares had risen by 6.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 115% in the last three months.​

• In the last 30 days, seventeen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the oil & gas refining and marketing peer group is also "buy"

Wall Street's median 12-month price target for Phillips 66 is $140.00

This summary was machine generated from LSEG data January 31 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)