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Ahead of Shell (SHEL) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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Wall Street analysts forecast that Shell (SHEL - Free Report) will report quarterly earnings of $3.54 per share in its upcoming release, pointing to a year-over-year increase of 90.3%. It is anticipated that revenues will amount to $95.17 billion, exhibiting an increase of 35.2% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 19.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Shell metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'INTEGRATED GAS - Realised gas price ($/thousand scf)' will reach $8.50 . Compared to the present estimate, the company reported $7.30 in the same quarter last year.
The consensus among analysts is that 'INTEGRATED GAS - LNG liquefaction volumes (MT)' will reach 7 millions of ton. The estimate is in contrast to the year-ago figure of 7 millions of ton.
The collective assessment of analysts points to an estimated 'INTEGRATED GAS - LNG sales volumes (MT)' of 18 millions of ton. The estimate compares to the year-ago value of 19 millions of ton.
Analysts expect 'UPSTREAM - Realised gas price ($/thousand scf)' to come in at $7.68 . The estimate is in contrast to the year-ago figure of $6.50 .
The average prediction of analysts places 'UPSTREAM - Realised liquids price ($/bbl)' at $83.52 . The estimate compares to the year-ago value of $64.00 .
Analysts forecast 'UPSTREAM - Liquids production (kboe/d)' to reach N/A. The estimate is in contrast to the year-ago figure of N/A.
According to the collective judgment of analysts, 'UPSTREAM - Gas production (million scf/d)' should come in at N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
Analysts predict that the 'UPSTREAM - Total production (kboe/d)' will reach N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
The consensus estimate for 'CHEMICALS & PRODUCTS - Refinery processing intake (kb/d)' stands at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
The combined assessment of analysts suggests that 'CHEMICALS & PRODUCTS - Chemicals sales volumes (kT)' will likely reach 2616 thousands of tons. The estimate compares to the year-ago value of 2147 thousands of tons.
Based on the collective assessment of analysts, 'CHEMICALS & PRODUCTS - Refinery utilisation (%)' should arrive at 95.0%. Compared to the current estimate, the company reported 96.0% in the same quarter of the previous year.
Analysts' assessment points toward 'CHEMICALS & PRODUCTS - Indicative refining margin ($/bbl)' reaching $42.00 . The estimate compares to the year-ago value of $11.60 .
Shell shares have witnessed a change of +10.8% in the past month, in contrast to the Zacks S&P 500 composite's -0.8% move. With a Zacks Rank #1 (Strong Buy), SHEL is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Ahead of Shell (SHEL) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Shell (SHEL - Free Report) will report quarterly earnings of $3.54 per share in its upcoming release, pointing to a year-over-year increase of 90.3%. It is anticipated that revenues will amount to $95.17 billion, exhibiting an increase of 35.2% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 19.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Shell metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'INTEGRATED GAS - Realised gas price ($/thousand scf)' will reach $8.50 . Compared to the present estimate, the company reported $7.30 in the same quarter last year.
The consensus among analysts is that 'INTEGRATED GAS - LNG liquefaction volumes (MT)' will reach 7 millions of ton. The estimate is in contrast to the year-ago figure of 7 millions of ton.
The collective assessment of analysts points to an estimated 'INTEGRATED GAS - LNG sales volumes (MT)' of 18 millions of ton. The estimate compares to the year-ago value of 19 millions of ton.
Analysts expect 'UPSTREAM - Realised gas price ($/thousand scf)' to come in at $7.68 . The estimate is in contrast to the year-ago figure of $6.50 .
The average prediction of analysts places 'UPSTREAM - Realised liquids price ($/bbl)' at $83.52 . The estimate compares to the year-ago value of $64.00 .
Analysts forecast 'UPSTREAM - Liquids production (kboe/d)' to reach N/A. The estimate is in contrast to the year-ago figure of N/A.
According to the collective judgment of analysts, 'UPSTREAM - Gas production (million scf/d)' should come in at N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
Analysts predict that the 'UPSTREAM - Total production (kboe/d)' will reach N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
The consensus estimate for 'CHEMICALS & PRODUCTS - Refinery processing intake (kb/d)' stands at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
The combined assessment of analysts suggests that 'CHEMICALS & PRODUCTS - Chemicals sales volumes (kT)' will likely reach 2616 thousands of tons. The estimate compares to the year-ago value of 2147 thousands of tons.
Based on the collective assessment of analysts, 'CHEMICALS & PRODUCTS - Refinery utilisation (%)' should arrive at 95.0%. Compared to the current estimate, the company reported 96.0% in the same quarter of the previous year.
Analysts' assessment points toward 'CHEMICALS & PRODUCTS - Indicative refining margin ($/bbl)' reaching $42.00 . The estimate compares to the year-ago value of $11.60 .
View all Key Company Metrics for Shell here>>>Shell shares have witnessed a change of +10.8% in the past month, in contrast to the Zacks S&P 500 composite's -0.8% move. With a Zacks Rank #1 (Strong Buy), SHEL is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .