Benzinga | Jul 30, 2020 01:29PM EDT

Earnings Preview for Phillips 66

Phillips 66 (NYSE: PSX) unveils its next round of earnings this Friday, July 31. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings and Revenue

Based on Phillips 66 management projections, analysts predict EPS of $-0.92 on revenue of $15.37 billion. In the same quarter last year, Phillips 66 reported EPS of $3.02 on revenue of $28.52 billion. The analyst consensus estimate would represent a 130.46% decline in the company's EPS figure. Sales would have fallen 21.7% from the same quarter last year. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019EPS Estimate 0.61 1.67 2.59 2.74EPS Actual 1.02 1.54 3.11 3.02Revenue Estimate 19.63 B 27.93 B 27.79 B 28.29 BRevenue Actual 21.24 B 29.61 B 27.77 B 28.52 B

Stock Performance

Over the last 52-week period, shares are down 36.9%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Phillips 66 is scheduled to hold the call at 12:00:00 ET and can be accessed here: https://event.on24.com/wcc/r/2400305/1E84A63FF389D6F66E291CB15DCA00F0