Shell plc (SHEL - Free Report) is set to release fourth-quarter results on Feb 1. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $1.94 per share on revenues of $89.6 billion.
Let’s delve into the factors that might have influenced the integrated energy behemoth’s results in the December quarter. But it’s worth taking a look at SHEL’s previous-quarter performance first.
Highlights of Q3 Earnings
In the last reported quarter, Europe’s largest oil company beat the consensus mark, backed by higher contributions from the Trading & Optimisation division. SHEL had reported earnings per ADS (on a current cost of supplies basis, excluding items — the market’s preferred measure) — of $1.86, a penny above the Zacks Consensus Estimate.
Trend in Estimate Revision & Surprise History
The Zacks Consensus Estimate for the fourth-quarter bottom line has remained unchanged in the past seven days. The estimated figure indicates a 29.7% decline year over year.
Shell beat the Zacks Consensus Estimate for earnings thrice in the last four quarters and missed in the other, resulting in an earnings surprise of 11.8%, on average. This is depicted in the graph below:
What Does Our Model Say?
The proven Zacks model does not conclusively show that Shell is likely to beat estimates in the fourth quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. But that’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is -10.31%.
Zacks Rank: Shell currently carries a Zacks Rank #3.
Stocks to Consider
While an earnings beat looks uncertain for Shell, here are some firms from the energy space that you may want to consider on the basis of our model:
MPLX LP (MPLX - Free Report) has an Earnings ESP of +4.65% and a Zacks Rank #3. The firm is scheduled to release earnings on Jan 30.
You can see the complete list of today’s Zacks #1 Rank stocks here.
MPLX beat the Zacks Consensus Estimate for earnings in two of the last four quarters and missed in the other two. It has a trailing four-quarter earnings surprise of 1.5%, on average. Valued at around $37.5 billion, MPLX has gained 7.9% in a year.
ExxonMobil (XOM - Free Report) has an Earnings ESP of +0.49% and a Zacks Rank #3. The firm is scheduled to release earnings on Feb 2.
ExxonMobil beat the Zacks Consensus Estimate for earnings in two of the last four quarters and missed in the other two. It has a trailing four-quarter earnings surprise of 0.6%, on average. Valued at around $383.7 billion, XOM has lost 13.5% in a year.
Plains All American Pipeline, L.P. (PAA - Free Report) has an Earnings ESP of +6.12% and a Zacks Rank #3. The firm is scheduled to release earnings on Feb 9.
Plains All American Pipeline beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other. It has a trailing four-quarter earnings surprise of 18.3%, on average. Valued at around $11.2 billion, PAA has gained 25.3% in a year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Shell plc (SHEL - Free Report) is set to release fourth-quarter results on Feb 1. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $1.94 per share on revenues of $89.6 billion.
Let’s delve into the factors that might have influenced the integrated energy behemoth’s results in the December quarter. But it’s worth taking a look at SHEL’s previous-quarter performance first.
Highlights of Q3 Earnings
In the last reported quarter, Europe’s largest oil company beat the consensus mark, backed by higher contributions from the Trading & Optimisation division. SHEL had reported earnings per ADS (on a current cost of supplies basis, excluding items — the market’s preferred measure) — of $1.86, a penny above the Zacks Consensus Estimate.
Trend in Estimate Revision & Surprise History
The Zacks Consensus Estimate for the fourth-quarter bottom line has remained unchanged in the past seven days. The estimated figure indicates a 29.7% decline year over year.
Shell beat the Zacks Consensus Estimate for earnings thrice in the last four quarters and missed in the other, resulting in an earnings surprise of 11.8%, on average. This is depicted in the graph below:
What Does Our Model Say?
The proven Zacks model does not conclusively show that Shell is likely to beat estimates in the fourth quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. But that’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is -10.31%.
Zacks Rank: Shell currently carries a Zacks Rank #3.
Stocks to Consider
While an earnings beat looks uncertain for Shell, here are some firms from the energy space that you may want to consider on the basis of our model:
MPLX LP (MPLX - Free Report) has an Earnings ESP of +4.65% and a Zacks Rank #3. The firm is scheduled to release earnings on Jan 30.
You can see the complete list of today’s Zacks #1 Rank stocks here.
MPLX beat the Zacks Consensus Estimate for earnings in two of the last four quarters and missed in the other two. It has a trailing four-quarter earnings surprise of 1.5%, on average. Valued at around $37.5 billion, MPLX has gained 7.9% in a year.
ExxonMobil (XOM - Free Report) has an Earnings ESP of +0.49% and a Zacks Rank #3. The firm is scheduled to release earnings on Feb 2.
ExxonMobil beat the Zacks Consensus Estimate for earnings in two of the last four quarters and missed in the other two. It has a trailing four-quarter earnings surprise of 0.6%, on average. Valued at around $383.7 billion, XOM has lost 13.5% in a year.
Plains All American Pipeline, L.P. (PAA - Free Report) has an Earnings ESP of +6.12% and a Zacks Rank #3. The firm is scheduled to release earnings on Feb 9.
Plains All American Pipeline beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other. It has a trailing four-quarter earnings surprise of 18.3%, on average. Valued at around $11.2 billion, PAA has gained 25.3% in a year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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