An Earnings Miss: 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 74 cents, below the Zacks Consensus Estimate of 80 cents.
Estimate Revision Trend & Surprise History: The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings being revised 8% downward over the last 7 days.
Coming to earnings surprise history, the integrated energy company is on a solid footing, having gone past the Zacks Consensus Estimate in three of the last four reports, with the average positive surprise being 5%. This is shown in the chart below:
Revenues Down: Revenues of $85.1 billion were 19% below the fourth-quarter 2018 sales of $104.6 billion.
Key Stats: Upstream segment recorded a profit of $778 million (excluding items) during the quarter, down 59% from the $1.9 billion (adjusted) achieved in the year-ago period. Shell’s upstream volumes averaged 2,813 thousand oil-equivalent barrels per day (MBOE/d), essentially unchanged from the year-ago period. At $56.60 per barrel, the group’s worldwide realized liquids prices were 5% below the year-earlier levels while natural gas prices were down 23%.
In the downstream segment – that focuses on refining, marketing and retailing – the Anglo-Dutch super-major reported adjusted income of $1.4 billion, 36% less than the year-ago period.
The Integrated Gas unit reported adjusted income of $2 billion, down 16% from the $2.4 billion in October-December quarter of 2018.
The oil major’s operating cash flow dropped 53% from the year-earlier level to $10.3 billion.
Buyback Plans: As part of the company’s $25 billion buyback program during the period 2018-2020, Shell will repurchase $1 billion worth of shares up to Apr 27 in the seventh installment.
Zacks Rank: Currently, Royal Dutch Shell carries a Zacks Rank #2 (Buy).
(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 earnings report later!
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Shell (RDS.A) Q4 Earnings Miss as Commodity Prices Fall
An Earnings Miss: 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 74 cents, below the Zacks Consensus Estimate of 80 cents.
Estimate Revision Trend & Surprise History: The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings being revised 8% downward over the last 7 days.
Coming to earnings surprise history, the integrated energy company is on a solid footing, having gone past the Zacks Consensus Estimate in three of the last four reports, with the average positive surprise being 5%. This is shown in the chart below:
Royal Dutch Shell PLC Price and EPS Surprise
Royal Dutch Shell PLC price-eps-surprise | Royal Dutch Shell PLC Quote
Revenues Down: Revenues of $85.1 billion were 19% below the fourth-quarter 2018 sales of $104.6 billion.
Key Stats: Upstream segment recorded a profit of $778 million (excluding items) during the quarter, down 59% from the $1.9 billion (adjusted) achieved in the year-ago period. Shell’s upstream volumes averaged 2,813 thousand oil-equivalent barrels per day (MBOE/d), essentially unchanged from the year-ago period. At $56.60 per barrel, the group’s worldwide realized liquids prices were 5% below the year-earlier levels while natural gas prices were down 23%.
In the downstream segment – that focuses on refining, marketing and retailing – the Anglo-Dutch super-major reported adjusted income of $1.4 billion, 36% less than the year-ago period.
The Integrated Gas unit reported adjusted income of $2 billion, down 16% from the $2.4 billion in October-December quarter of 2018.
The oil major’s operating cash flow dropped 53% from the year-earlier level to $10.3 billion.
Buyback Plans: As part of the company’s $25 billion buyback program during the period 2018-2020, Shell will repurchase $1 billion worth of shares up to Apr 27 in the seventh installment.
Zacks Rank: Currently, Royal Dutch Shell carries a Zacks Rank #2 (Buy).
(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 earnings report later!
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The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
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