Equity Research experts studying future earnings progress for Phillips 66 (NYSE:PSX), are predicting firm to report $1.4267 for the quarter completing on 2016-12-31. This number is on an arranged basis of the brokers delivering predictions on the firm.
In analyzing the analyst’s continuing EPS forecasts trends, mean prediction is $7.1733.
Three months ago, the estimate for growth was $7.1733, on a consensus level. Almost 10 analysts are covering Phillips 66 (NYSE:PSX). The consensus point stands at $86.6. The brokers seeing positive up move has target of $93, while the conservative projection is $72.
The firms release their EPS figures quarterly that either mirror or differ consensus predictions, which disclose the economic state of a firm. The equity price usually reacts immediately. If the stated EPS is better than the projected numbers reflecting a positive surprise, the stock price can jump, and if the released earnings fail to meet the consensus, the stock prices typically fall on negative surprise.
A firm that has an inspiring track record of outstanding their consensus EPS forecasts will generally fare well in looming period. Pre-Announcements are predictions reported by entities that give an indication to stockholders of what their future performance will probably be. These statistics are typically defined in the narrow range, in which the released earnings figure will likely fall.
To the degree that the midpoint of this released range is noticeably different than the existing EPS projection, this update type will be itemized a pre-announcement surprise. Recent research has revealed that pre-announcement surprises regularly have a greater short-term impact on securities price than subsequent released earnings surprises.
Phillips 66 has a rating of 2.77 based on the outlook of 10 firms. For the period ending 2016-12-31, report can come around 2017-02-03.
The company posted EPS of $1.05 on 2016-10-28 for the quarter ended 2016-09-30. This was a 17.98% surprise factor, or $0.16 away from analysts target.