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Shell (SHEL) Stock Dips While Market Gains: Key Facts
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Shell (SHEL - Free Report) closed at $93.27 in the latest trading session, marking a -1.34% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.49% for the day. Elsewhere, the Dow gained 0.71%, while the tech-heavy Nasdaq added 2.26%.
Coming into today, shares of the oil and gas company had gained 1.3% in the past month. In that same time, the Oils-Energy sector gained 0.51%, while the S&P 500 gained 0.1%.
Investors will be eagerly watching for the performance of Shell in its upcoming earnings disclosure. On that day, Shell is projected to report earnings of $2.85 per share, which would represent year-over-year growth of 53.23%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $88.96 billion, up 26.34% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $10.87 per share and revenue of $382.93 billion. These totals would mark changes of +72.54% and +39.89%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Shell. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 4.9% higher within the past month. Shell is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, Shell is currently exchanging hands at a Forward P/E ratio of 8.7. This expresses no noticeable deviation compared to the average Forward P/E of 8.7 of its industry.
We can additionally observe that SHEL currently boasts a PEG ratio of 0.8. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - International was holding an average PEG ratio of 0.64 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 78, placing it within the top 32% of over 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.
View the Zacks #1 Rank List
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Shell (SHEL) Stock Dips While Market Gains: Key Facts
Shell (SHEL - Free Report) closed at $93.27 in the latest trading session, marking a -1.34% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.49% for the day. Elsewhere, the Dow gained 0.71%, while the tech-heavy Nasdaq added 2.26%.
Coming into today, shares of the oil and gas company had gained 1.3% in the past month. In that same time, the Oils-Energy sector gained 0.51%, while the S&P 500 gained 0.1%.
Investors will be eagerly watching for the performance of Shell in its upcoming earnings disclosure. On that day, Shell is projected to report earnings of $2.85 per share, which would represent year-over-year growth of 53.23%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $88.96 billion, up 26.34% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $10.87 per share and revenue of $382.93 billion. These totals would mark changes of +72.54% and +39.89%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Shell. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 4.9% higher within the past month. Shell is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, Shell is currently exchanging hands at a Forward P/E ratio of 8.7. This expresses no noticeable deviation compared to the average Forward P/E of 8.7 of its industry.
We can additionally observe that SHEL currently boasts a PEG ratio of 0.8. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - International was holding an average PEG ratio of 0.64 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 78, placing it within the top 32% of over 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.