An Earnings Beat: Europe’s largest oil company Royal Dutch Shell plc reported earnings per ADS (on a current cost of supplies basis, excluding items – the market’s preferred measure) of $1.30, above the Zacks Consensus Estimate of $1.05 and in line with the year-ago profit.
Estimate Revision Trend & Surprise History:The stock had seen the Zacks Consensus Estimate for first-quarter earnings being revised 4% upward over the last 30 days.
Coming to earnings surprise history, the blue-chip company has a mixed record: its beaten estimates in two of the last four quarters, as shown in the chart below:
Revenues: Revenues of $85.7 billion were 6% below the first-quarter 2018 sales of $91.1 billion but beat the Zacks Consensus Estimate of $83 billion.
Key Stats: Upstream segment recorded a profit of $1.7 billion (excluding items) during the quarter, up 11% from the $1.6 billion (adjusted) achieved in the year-ago period. Shell’s upstream volumes averaged 2,901 thousand oil-equivalent barrels per day (MBOE/d), 1% higher than the year-ago period. At $57.42 per barrel, the group’s worldwide realized liquids prices were 5% below the year-earlier levels while natural gas prices were up 8%.
In the downstream segment – that focuses on refining, marketing and retailing – the Anglo-Dutch super-major reported adjusted income of $1.8 billion, 3% more than the year-ago period.
The Integrated Gas unit reported adjusted income of $2.6 billion, up 5% from the $2.4 billion in January-March quarter of 2018.
The oil major’s operating cash flow fell 9% from the year-earlier level to $8.6 billion.
Buyback Plans: As part of the company’s $25 billion buyback program during the period 2018-2020, Shell will repurchase $2.75 billion worth of shares up to Jul 29 in the fourth installment.
Zacks Rank: Currently, Royal Dutch Shell carries a Zacks Rank #3 (Hold).
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this Royal Dutch Shell’s earnings report later!
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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Shell (RDS.A) Q1 Earnings Beat, Accelerates Share Buybacks
An Earnings Beat: Europe’s largest oil company Royal Dutch Shell plc reported earnings per ADS (on a current cost of supplies basis, excluding items – the market’s preferred measure) of $1.30, above the Zacks Consensus Estimate of $1.05 and in line with the year-ago profit.
Estimate Revision Trend & Surprise History:The stock had seen the Zacks Consensus Estimate for first-quarter earnings being revised 4% upward over the last 30 days.
Coming to earnings surprise history, the blue-chip company has a mixed record: its beaten estimates in two of the last four quarters, as shown in the chart below:
Royal Dutch Shell PLC Price and EPS Surprise
Royal Dutch Shell PLC Price and EPS Surprise | Royal Dutch Shell PLC Quote
Revenues: Revenues of $85.7 billion were 6% below the first-quarter 2018 sales of $91.1 billion but beat the Zacks Consensus Estimate of $83 billion.
Key Stats: Upstream segment recorded a profit of $1.7 billion (excluding items) during the quarter, up 11% from the $1.6 billion (adjusted) achieved in the year-ago period. Shell’s upstream volumes averaged 2,901 thousand oil-equivalent barrels per day (MBOE/d), 1% higher than the year-ago period. At $57.42 per barrel, the group’s worldwide realized liquids prices were 5% below the year-earlier levels while natural gas prices were up 8%.
In the downstream segment – that focuses on refining, marketing and retailing – the Anglo-Dutch super-major reported adjusted income of $1.8 billion, 3% more than the year-ago period.
The Integrated Gas unit reported adjusted income of $2.6 billion, up 5% from the $2.4 billion in January-March quarter of 2018.
The oil major’s operating cash flow fell 9% from the year-earlier level to $8.6 billion.
Buyback Plans: As part of the company’s $25 billion buyback program during the period 2018-2020, Shell will repurchase $2.75 billion worth of shares up to Jul 29 in the fourth installment.
Zacks Rank: Currently, Royal Dutch Shell carries a Zacks Rank #3 (Hold).
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this Royal Dutch Shell’s earnings report later!
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>