In the latest market close, Shell (SHEL) saw a positive movement, reaching $72.78, a 1.86% increase compared to the previous day. This outperformed the S&P 500, which gained 0.8% for the day. Meanwhile, the Dow gained 1.51%, and the Nasdaq experienced a slight decline of 0.01%.
Despite this recent uptick, Shell’s stock has dropped by 0.92% in the past month, falling short of the Oils-Energy sector’s loss of 0.72% and the S&P 500’s gain of 4.14%. Investors are eagerly anticipating Shell’s upcoming earnings disclosure, with forecasts predicting an EPS of $1.85, a 23.33% increase from the previous year’s quarter.
Looking ahead to the full year, the Zacks Consensus Estimates project earnings of $8.37 per share and revenue of $351.7 billion, indicating changes of -0.36% and +8.82%, respectively, compared to the previous year. Analysts’ revisions to estimates can provide valuable insights into the company’s performance, with upward revisions typically indicating positivity towards its business operations.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), takes these estimate changes into account to provide a clear rating model. With a Zacks Rank of #3 (Hold), Shell’s recent estimate revisions have likely influenced its stock movements.
In terms of valuation, Shell currently has a Forward P/E ratio of 8.53, trading at a premium compared to the industry average of 7.59. The company’s PEG ratio of 1.84 also reflects its projected earnings growth relative to industry standards.
The Oil and Gas – Integrated – International industry, to which Shell belongs, is ranked 101 out of over 250 industries, placing it within the top 41%. The Zacks Industry Rank highlights the industry’s strength, with top-rated industries outperforming the bottom half by a factor of 2 to 1.
Investors are encouraged to monitor these stock-impacting metrics and more on Zacks.com in the coming trading sessions. For the latest recommendations from Zacks Investment Research, download the 7 Best Stocks for the Next 30 Days report.
