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Why the Market Dipped But Shell (SHEL) Gained Today
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In the latest trading session, Shell (SHEL - Free Report) closed at $73.11, marking a +1.25% move from the previous day. This move outpaced the S&P 500's daily loss of 0.3%. On the other hand, the Dow registered a loss of 0.46%, and the technology-centric Nasdaq decreased by 0.38%.
The oil and gas company's shares have seen an increase of 2.56% over the last month, not keeping up with the Oils-Energy sector's gain of 3.2% and the S&P 500's gain of 3.64%.
The upcoming earnings release of Shell will be of great interest to investors. The company is forecasted to report an EPS of $1.13, showcasing a 42.64% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $73.7 billion, reflecting a 1.8% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.98 per share and a revenue of $290.48 billion, representing changes of -20.48% and +0.5%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Shell. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.37% decrease. Shell is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Shell is holding a Forward P/E ratio of 12.07. This indicates a premium in contrast to its industry's Forward P/E of 11.46.
We can additionally observe that SHEL currently boasts a PEG ratio of 2.09. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Integrated - International was holding an average PEG ratio of 2 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 162, finds itself in the bottom 35% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Why the Market Dipped But Shell (SHEL) Gained Today
In the latest trading session, Shell (SHEL - Free Report) closed at $73.11, marking a +1.25% move from the previous day. This move outpaced the S&P 500's daily loss of 0.3%. On the other hand, the Dow registered a loss of 0.46%, and the technology-centric Nasdaq decreased by 0.38%.
The oil and gas company's shares have seen an increase of 2.56% over the last month, not keeping up with the Oils-Energy sector's gain of 3.2% and the S&P 500's gain of 3.64%.
The upcoming earnings release of Shell will be of great interest to investors. The company is forecasted to report an EPS of $1.13, showcasing a 42.64% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $73.7 billion, reflecting a 1.8% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.98 per share and a revenue of $290.48 billion, representing changes of -20.48% and +0.5%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Shell. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.37% decrease. Shell is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Shell is holding a Forward P/E ratio of 12.07. This indicates a premium in contrast to its industry's Forward P/E of 11.46.
We can additionally observe that SHEL currently boasts a PEG ratio of 2.09. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Integrated - International was holding an average PEG ratio of 2 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 162, finds itself in the bottom 35% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.