Benzinga | Oct 28, 2021 11:40AM EDT

Earnings Outlook For Phillips 66 Partners

Phillips 66 Partners (NYSE:PSXP) is set to give its latest quarterly earnings report on Friday, 2021-10-29. Here's what investors need to know before the announcement.

Analysts estimate that Phillips 66 Partners will likely report an Earnings Per Share (EPS) of $0.95

Phillips 66 Partners bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed on EPS by -4.21%, which was followed by a 3.71% drop in the share price the next day.

Here's a look at Phillips 66 Partners's past performance and the resulting price change:



Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.95 0.81 0.87 0.84EPS Actual 0.91 0.73 0.80 0.85Price Change % -3.71% -4.05% -6.27% -3.85%

Stock Performance

Shares of Phillips 66 Partners were trading at $39.31 as of October 27. Over the last 52-week period, shares are up 63.1%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here