An Earnings Beat: Europe’s largest oil company Royal Dutch Shell plc reported earnings per ADS (on a current cost of supplies basis, excluding items – the market’s preferred measure) of $1.28, above the Zacks Consensus Estimate of $1.24 and the year-ago profit of 92 cents. Higher realized commodity prices led to the outperformance.
Estimate Revision Trend & Surprise History: The stock had seen the Zacks Consensus Estimate for first-quarter earnings being revised 14.8% upward over the last 30 days.
Coming to earnings surprise history, the blue-chip company has a good record: its beaten estimates in three of the last four quarters, as shown in the chart below:
Revenues: Revenues of $91,114 million were 24.3% above the first-quarter 2017 sales of $73,311 million and beat the Zacks Consensus Estimate of $81,020 million.
Key Stats: Upstream segment recorded a profit of $1,551 million (excluding items) during the quarter, soaring from the paltry $540 million (adjusted) achieved in the year-ago period. Shell’s upstream volumes averaged 2,867 thousand oil-equivalent barrels per day (MBOE/d), 5% lower than the year-ago period. At $60.66 per barrel, the group’s worldwide realized liquids prices were 25% above the year-earlier levels while natural gas prices were up 13%.
In the downstream segment – that focuses on refining, marketing and retailing – the Anglo-Dutch super-major reported adjusted income of $1,687 million, 32.2% less than the $2,489 million earned in the year-ago period.
The Integrated Gas unit reported adjusted income of $2,439 million, more than doubling from the $1,181 million in January-March quarter of 2017.
However, the oil major’s operating cash flow fell to $9,427 million, down by a marginal 1% from the year-earlier level.
Zacks Rank: Currently, Royal Dutch Shell carries a Zacks Rank #2 (Buy).
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this Royal Dutch Shell earnings report later!
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Shell's (RDS.A) Solid Q1 Earnings Led by Higher Oil Prices
An Earnings Beat: Europe’s largest oil company Royal Dutch Shell plc reported earnings per ADS (on a current cost of supplies basis, excluding items – the market’s preferred measure) of $1.28, above the Zacks Consensus Estimate of $1.24 and the year-ago profit of 92 cents. Higher realized commodity prices led to the outperformance.
Estimate Revision Trend & Surprise History: The stock had seen the Zacks Consensus Estimate for first-quarter earnings being revised 14.8% upward over the last 30 days.
Coming to earnings surprise history, the blue-chip company has a good record: its beaten estimates in three of the last four quarters, as shown in the chart below:
Royal Dutch Shell PLC Price and EPS Surprise
Royal Dutch Shell PLC Price and EPS Surprise | Royal Dutch Shell PLC Quote
Revenues: Revenues of $91,114 million were 24.3% above the first-quarter 2017 sales of $73,311 million and beat the Zacks Consensus Estimate of $81,020 million.
Key Stats: Upstream segment recorded a profit of $1,551 million (excluding items) during the quarter, soaring from the paltry $540 million (adjusted) achieved in the year-ago period. Shell’s upstream volumes averaged 2,867 thousand oil-equivalent barrels per day (MBOE/d), 5% lower than the year-ago period. At $60.66 per barrel, the group’s worldwide realized liquids prices were 25% above the year-earlier levels while natural gas prices were up 13%.
In the downstream segment – that focuses on refining, marketing and retailing – the Anglo-Dutch super-major reported adjusted income of $1,687 million, 32.2% less than the $2,489 million earned in the year-ago period.
The Integrated Gas unit reported adjusted income of $2,439 million, more than doubling from the $1,181 million in January-March quarter of 2017.
However, the oil major’s operating cash flow fell to $9,427 million, down by a marginal 1% from the year-earlier level.
Zacks Rank: Currently, Royal Dutch Shell carries a Zacks Rank #2 (Buy).
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this Royal Dutch Shell earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>