Europe’s largest oil company Royal Dutch Shell plc reported fourth-quarter earnings per ADS (on a current cost of supplies basis, excluding items - the market’s preferred measure) of 74 cents, below the Zacks Consensus Estimate of 80 cents and the year-ago profit of $1.38. The underperformance mainly stemmed from lower oil and gas prices.
The Hague-based Shell reported revenues of $85.1 billion, which were 19% below the fourth-quarter 2018 sales of $104.6 billion.
Meanwhile, Shell will repurchase $1 billion worth of shares up to Apr 27 in the seventh installment of its three-year $25 billion buyback program.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Europe’s largest oil company Royal Dutch Shell plc reported fourth-quarter earnings per ADS (on a current cost of supplies basis, excluding items - the market’s preferred measure) of 74 cents, below the Zacks Consensus Estimate of 80 cents and the year-ago profit of $1.38. The underperformance mainly stemmed from lower oil and gas prices.
The Hague-based Shell reported revenues of $85.1 billion, which were 19% below the fourth-quarter 2018 sales of $104.6 billion.
Meanwhile, Shell will repurchase $1 billion worth of shares up to Apr 27 in the seventh installment of its three-year $25 billion buyback program.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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