diff --git a/services/surfaceflinger/Scheduler/DispSync.cpp b/services/surfaceflinger/Scheduler/DispSync.cpp
index 81be372..83fd42b 100644
--- a/services/surfaceflinger/Scheduler/DispSync.cpp
+++ b/services/surfaceflinger/Scheduler/DispSync.cpp
@@ -92,8 +92,12 @@
         mPeriod = period;
         if (!mModelLocked && referenceTimeChanged) {
             for (auto& eventListener : mEventListeners) {
-                eventListener.mLastEventTime =
-                        mReferenceTime - mPeriod + mPhase + eventListener.mPhase;
+                eventListener.mLastEventTime = mReferenceTime + mPhase + eventListener.mPhase;
+                // If mLastEventTime is after mReferenceTime (can happen when positive phase offsets
+                // are used) we treat it as like it happened in previous period.
+                if (eventListener.mLastEventTime > mReferenceTime) {
+                    eventListener.mLastEventTime -= mPeriod;
+                }
             }
         }
         if (mTraceDetailedInfo) {