Phillips 66 reports results for the quarter ended June 30 - Earnings Summary

• Phillips 66 PSX.N reported quarterly adjusted earnings of $2.38​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $2.31. The mean expectation of eighteen analysts for the quarter was for earnings of $1.71 per share. Wall Street expected results to range from $1.50 to $1.86 per share.

• Revenue fell 13.8% to $33.52 billion from a year ago; analysts expected $32.04 billion.

• Phillips 66's reported EPS for the quarter was $2.15​.

• The company reported quarterly net income of $877 million.

• Phillips 66 shares had risen by 4.2% this quarter and gained 9.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.9% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 9 "hold" and 2 "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 $133.50, about 6.9% above its last closing price of $124.32

This summary was machine generated from LSEG data July 25 at 01:31 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)