1. PSX's Q2 earnings forecast at $1.75 per share, down 26%. 2. Sales expected to drop 16% to $32.1 billion. 3. Historical trends show PSX falls 63% post-earnings announcements. 4. Q1 earnings up to $487 million, driven by strong midstream performance. 5. Sustainability focus noted, with refinery operations at mid-90% capacity.
Analysts predict significant drops in earnings and sales, aligning with historical declines. Previous earnings reports show a pattern of stock falls following announcements.
The impending earnings announcement will likely trigger significant investor actions, influencing PSX's stock price. Historical patterns and estimates present pressing reasons for cautious positioning.
Immediate investor reactions are expected around the July 25 earnings announcement based on historical volatility. Short-term metrics indicate a potential rapid decline in subsequent trading days.