Shell Beats Market as Earnings Growth Expected

Zacks Investment Research··GBUS·Read original
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Summary · why it matters

Shell (SHEL) rose 1.14% to $97.62 in its latest close, outpacing the S&P 500's 0.58% gain, while the Dow added 0.49% and the Nasdaq rose 0.45%. The oil and gas company is projected to report earnings of $2.98 per share in its upcoming release, representing year-over-year growth of 60.22%, on revenue of $92.42 billion, a 31.26% rise from the equivalent quarter last year. For the full year, the Zacks Consensus Estimates project earnings of $11.23 per share and revenue of $377.84 billion, changes of +78.25% and +38.03% respectively from the prior year. Over the past 30 days, the consensus EPS projection has moved 4.32% higher, and Shell currently holds a Zacks Rank of #3 (Hold). Shell trades at a Forward P/E ratio of 8.59, a premium to its industry average of 8.31, with a PEG ratio of 0.78 versus an industry average of 0.6.

Impact on assets 1

Energy Transition & Power Demand▲
Shell plc
SHEL
▲ PositiveCapitalrelevance

Shell is projected to report 60.22% YoY EPS growth and 31.26% revenue growth, with consensus EPS estimates revised 4.32% higher over 30 days.