Shell (SHEL) Q4 Earnings Beat Estimates, Boosts Buyback

SHEL

An Earnings Beat: Europe’s largest oil company Shell plc (SHEL - Free Report) reported earnings per ADS (on a current cost of supplies basis, excluding items — the market’s preferred measure) — of $1.66, above the Zacks Consensus Estimate of $1.40.

Estimate Revision Trend & Surprise History: The Zacks Consensus Estimate for fourth-quarter bottom line has been revised 0.7% upward in the last seven days.

Shell beat the Zacks Consensus Estimate for earnings in two of the last four quarters but missed twice, which resulted in a negative earnings surprise of 13.5%, on average. This is depicted in the graph below:

 

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