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Shell (SHEL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Shell (SHEL - Free Report) closed the most recent trading day at $77.70, moving -2.28% from the previous trading session. This change lagged the S&P 500's daily loss of 0.1%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.43%.
Shares of the oil and gas company witnessed a loss of 6.49% over the previous month, beating the performance of the Oils-Energy sector with its loss of 7.58%, and underperforming the S&P 500's loss of 1.34%.
The upcoming earnings release of Shell will be of great interest to investors. The company's earnings per share (EPS) are projected to be $2.51, reflecting a 76.76% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $104.4 billion, up 57.13% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $10.21 per share and a revenue of $392.21 billion, representing changes of +62.06% and +43.29%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Shell. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.67% lower within the past month. Shell presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Shell is at present trading with a Forward P/E ratio of 7.79. For comparison, its industry has an average Forward P/E of 7.33, which means Shell is trading at a premium to the group.
We can additionally observe that SHEL currently boasts a PEG ratio of 0.42. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Oil and Gas - Integrated - International industry stood at 0.53 at the close of the market yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 56, positioning it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Shell (SHEL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Shell (SHEL - Free Report) closed the most recent trading day at $77.70, moving -2.28% from the previous trading session. This change lagged the S&P 500's daily loss of 0.1%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.43%.
Shares of the oil and gas company witnessed a loss of 6.49% over the previous month, beating the performance of the Oils-Energy sector with its loss of 7.58%, and underperforming the S&P 500's loss of 1.34%.
The upcoming earnings release of Shell will be of great interest to investors. The company's earnings per share (EPS) are projected to be $2.51, reflecting a 76.76% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $104.4 billion, up 57.13% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $10.21 per share and a revenue of $392.21 billion, representing changes of +62.06% and +43.29%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Shell. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.67% lower within the past month. Shell presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Shell is at present trading with a Forward P/E ratio of 7.79. For comparison, its industry has an average Forward P/E of 7.33, which means Shell is trading at a premium to the group.
We can additionally observe that SHEL currently boasts a PEG ratio of 0.42. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Oil and Gas - Integrated - International industry stood at 0.53 at the close of the market yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 56, positioning it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.