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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 at $95.14 in the latest trading session, marking a -1.38% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.17%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 0.09%.
Shares of the oil and gas company have appreciated by 5.49% over the course of the past month, outperforming the Oils-Energy sector's gain of 0.04%, and the S&P 500's loss of 0.24%.
Market participants will be closely following the financial results of Shell in its upcoming release. The company is forecasted to report an EPS of $2.85, showcasing a 53.23% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $88.96 billion, up 26.34% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $10.89 per share and a revenue of $382.93 billion, demonstrating changes of +72.86% and +39.89%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Shell. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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. Within the past 30 days, our consensus EPS projection has moved 4.96% higher. Shell currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Shell is currently being traded at a Forward P/E ratio of 8.86. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 8.86.
Meanwhile, SHEL's PEG ratio is currently 0.82. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Oil and Gas - Integrated - International industry held an average PEG ratio of 0.62.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 81, positioning it in the top 33% 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.
To follow SHEL in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Shell (SHEL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Shell (SHEL - Free Report) closed at $95.14 in the latest trading session, marking a -1.38% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.17%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 0.09%.
Shares of the oil and gas company have appreciated by 5.49% over the course of the past month, outperforming the Oils-Energy sector's gain of 0.04%, and the S&P 500's loss of 0.24%.
Market participants will be closely following the financial results of Shell in its upcoming release. The company is forecasted to report an EPS of $2.85, showcasing a 53.23% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $88.96 billion, up 26.34% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $10.89 per share and a revenue of $382.93 billion, demonstrating changes of +72.86% and +39.89%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Shell. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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. Within the past 30 days, our consensus EPS projection has moved 4.96% higher. Shell currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Shell is currently being traded at a Forward P/E ratio of 8.86. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 8.86.
Meanwhile, SHEL's PEG ratio is currently 0.82. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Oil and Gas - Integrated - International industry held an average PEG ratio of 0.62.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 81, positioning it in the top 33% 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.
To follow SHEL in the coming trading sessions, be sure to utilize Zacks.com.