StockNews.AI
PSX
Benzinga
26 days

How To Earn $500 A Month From Phillips 66 Stock Ahead Of Q2 Earnings

1. PSX expected to report Q2 earnings at $1.71 per share. 2. Quarterly revenue projected at $32.32 billion, down from $38.91 billion. 3. Piper Sandler lowers PSX price target from $148 to $147. 4. Current dividend yield for PSX is 3.75%, offering potential income. 5. Shares rose 1.3% to $127.85 recently, reflecting slight investor optimism.

4m saved
Insight
Article

FAQ

Why Neutral?

Earnings decline and lowered price target indicate cautious sentiment. Historical data shows similar patterns led to price stabilization rather than significant movement.

How important is it?

Earnings impacts investor sentiment but also hinges on external economic conditions. The dividend's appeal adds complexity to its attractiveness.

Why Short Term?

Earnings results could affect short-term trading, particularly with revenue decline perceived negatively.

Related Companies

Related News