We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Shell (SHEL) Stock Sinks As Market Gains: Here's Why
Read MoreHide Full Article
Shell (SHEL - Free Report) ended the recent trading session at $81.40, demonstrating a -1.02% change from the preceding day's closing price. This change lagged the S&P 500's 0.81% gain on the day. Meanwhile, the Dow gained 0.27%, and the Nasdaq, a tech-heavy index, added 1.3%.
Prior to today's trading, shares of the oil and gas company had lost 4.43% lagged the Oils-Energy sector's loss of 3.61% and the S&P 500's gain of 1.13%.
Investors will be eagerly watching for the performance of Shell in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.58, indicating a 81.69% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $104.4 billion, up 57.13% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.64 per share and a revenue of $392.21 billion, representing changes of +53.02% and +43.29%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Shell. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 5.91% lower within the past month. Shell currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Shell is currently trading at a Forward P/E ratio of 8.53. This indicates a premium in contrast to its industry's Forward P/E of 7.49.
Investors should also note that SHEL has a PEG ratio of 0.52 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Integrated - International industry had an average PEG ratio of 0.61 as trading concluded yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 201, this industry ranks in the bottom 19% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Shell (SHEL) Stock Sinks As Market Gains: Here's Why
Shell (SHEL - Free Report) ended the recent trading session at $81.40, demonstrating a -1.02% change from the preceding day's closing price. This change lagged the S&P 500's 0.81% gain on the day. Meanwhile, the Dow gained 0.27%, and the Nasdaq, a tech-heavy index, added 1.3%.
Prior to today's trading, shares of the oil and gas company had lost 4.43% lagged the Oils-Energy sector's loss of 3.61% and the S&P 500's gain of 1.13%.
Investors will be eagerly watching for the performance of Shell in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.58, indicating a 81.69% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $104.4 billion, up 57.13% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.64 per share and a revenue of $392.21 billion, representing changes of +53.02% and +43.29%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Shell. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 5.91% lower within the past month. Shell currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Shell is currently trading at a Forward P/E ratio of 8.53. This indicates a premium in contrast to its industry's Forward P/E of 7.49.
Investors should also note that SHEL has a PEG ratio of 0.52 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Integrated - International industry had an average PEG ratio of 0.61 as trading concluded yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 201, this industry ranks in the bottom 19% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.