Workflow
Shell (SHEL) Advances While Market Declines: Some Information for Investors
Shell GlobalShell Global(US:SHEL) ZACKSยท2024-09-27 23:21

Company Performance - Shell (SHEL) closed at $66.11, reflecting a +1.18% change from the previous day, outperforming the S&P 500 which fell by 0.13% [1] - Over the past month, Shell's shares have decreased by 9.9%, while the Oils-Energy sector declined by 4.69% and the S&P 500 increased by 2.43% [1] Earnings Forecast - Shell is expected to report an EPS of $1.79, representing a 3.76% decrease from the same quarter last year [2] - Revenue is forecasted at $84.58 billion, indicating an 8.43% increase compared to the corresponding quarter of the previous year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $8.44 per share, with revenue estimated at $315.17 billion, reflecting changes of +0.48% and -2.48% respectively from the previous year [3] - Recent analyst estimate revisions indicate short-term business trends, with positive revisions suggesting optimism about Shell's profitability [3] Valuation Metrics - Shell has a Forward P/E ratio of 7.74, which is slightly lower than the industry average of 7.75 [5] - The company holds a PEG ratio of 1.51, matching the average PEG ratio of the Oil and Gas - Integrated - International industry [6] Industry Ranking - The Oil and Gas - Integrated - International industry ranks 233rd, placing it in the bottom 8% of over 250 industries [7] - The Zacks Industry Rank indicates that the top 50% of rated industries outperform the bottom half by a factor of 2 to 1 [7]