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

• Phillips 66 PSX.N reported a quarterly adjusted loss of 90 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.90. The mean expectation of eighteen analysts for the quarter was for a loss of 72 cents per share. Wall Street expected results to range from -81 cents to -55 cents per share.

• Revenue fell 12.9% to $31.73 billion from a year ago; analysts expected $31.33 billion.

• Phillips 66's reported EPS for the quarter was $1.18​.

• The company reported quarterly net income of $487 million.

• Phillips 66 shares had fallen by 15.2% this quarter and lost 8.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 164.4% 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 12 "strong buy" or "buy," 7 "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 $131.00

This summary was machine generated from LSEG data April 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)