How Do Analysts See Phillips 66 Partners LP (PSXP) Performing Over The Next Year?
Based on the latest analyst predictions, Phillips 66 Partners LP (NYSE:PSXP) is estimated to sizably grow its earnings by 28.69% next year. At a current EPS of $2.425, this growth rate means shareholders can expect an impending EPS of $3.12. To assess the reasonability of PSXP’s earnings growth per share, we should look at its most recent growth rate delivered. View our latest analysis for Phillips 66 Partners
What can we expect from Phillips 66 Partners LP (NYSE:PSXP) in the future?
Analyst expectation from the stock’s 9 analysts is one of positive sentiment, with earnings estimated to expand from current levels of $2.425 to $3.12 over the next year. This indicates a relatively solid earnings per share growth rate of 28.69% over the next 1-2 years, which is an optimistic outlook in the near term. During the same time revenue is predicted to increase from $781M $1,831M
Is this similar growth to the past?
The past can be a great indicator for future performance for a stock. We can determine whether this level of expected growth is excessive or whether the company continues to go from strength to strength. PSXP’s earnings growth last year was 17.61% which indicates that the company’s past performance will continue to persist into the future. This means PSXP has already proven its capacity to grow at an elevated rate, which should give investors higher conviction of analysts’ consensus prediction for the company’s future growth moving forward.
Next Steps:
For PSXP, I’ve put together three key aspects you should further research:
1. Financial Health: Does it have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.
2. Valuation: What is PSXP worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether PSXP is currently mispriced by the market.
3. Other High-Growth Alternatives : Are there other high-growth stocks you could be holding instead of PSXP? Explore our interactive list of stocks with large growth potential to get an idea of what else is out there you may be missing!
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
