- Phillips 66 (PSX, Financial) projects significant losses for the first quarter, anticipating an EPS of -$0.72.
- Ongoing proxy battle with Elliott Management is influencing investor sentiment.
- Analysts provide a positive outlook with an average price target indicating potential upside.
Phillips 66 (PSX) is facing a challenging first quarter, with the company forecasting deeper losses. They project an estimated earnings per share (EPS) of -$0.72 and revenue of $32.05 billion. Additionally, a proxy battle with Elliott Management is currently unfolding, as the investment firm pushes for strategic changes and seeks seats on the board. Investors are keenly awaiting more information during the upcoming earnings call.
Wall Street Analysts Forecast
Analyst forecasts for Phillips 66 (PSX, Financial) show an encouraging outlook. Among 16 analysts polled, the average price target is set at $131.21. Projections range from a high of $162.00 to a low of $106.00, suggesting there is potential for a 25.67% upside from the current price of $104.41. For a comprehensive breakdown, visit the Phillips 66 (PSX) Forecast page.
Brokerage firm consensus further underscores a positive sentiment towards Phillips 66. Based on inputs from 20 brokerage entities, the average recommendation stands at 2.2, which equates to an "Outperform" status. This recommendation scale runs from 1, indicating a Strong Buy, to 5, which means Sell.
Looking at GuruFocus projections, the one-year estimated GF Value for Phillips 66 (PSX, Financial) is pegged at $108.08, implying a 3.51% upside from its current trading price of $104.41. The GF Value represents an estimate of the stock's fair trading value, derived from its historical multiples, past growth, and projected future business performance. For more detailed insights, refer to the Phillips 66 (PSX) Summary page.
