ZACKS·2025-10-27 14:26Core Viewpoint - Shell plc is expected to report third-quarter earnings on October 30, with consensus estimates of $1.72 per share and revenues of $74.9 billion [1][8] Group 1: Previous Quarter Performance - In the last reported quarter, Shell exceeded earnings expectations with earnings per ADS of $1.42, surpassing the Zacks Consensus Estimate of $1.13, while revenues of $66.4 billion fell short by nearly 10% due to lower upstream production and declining oil prices [2] - Shell has beaten the Zacks Consensus Estimate for earnings in three of the last four quarters, resulting in an average earnings surprise of 6.1% [3] Group 2: Current Quarter Expectations - The Zacks Consensus Estimate for the third-quarter earnings indicates a 10.4% year-over-year decline, while revenues are projected to increase by 3.3% compared to the previous year [3] - Shell's Integrated Gas production is forecasted to be between 910-950 thousand barrels of oil equivalent per day, slightly up from 913 kboe/d in the second quarter, with LNG liquefaction volumes expected to rise to 7-7.4 million tons from 6.7 million tons [5] - The Upstream division is anticipated to show increased production expectations of 1,790-1,890 kboe/d, up from 1,732 kboe/d in the second quarter, although adjusted earnings may be impacted by $0.2-$0.4 billion due to rebalancing in Brazil's Tupi field [6][8] Group 3: Earnings Prediction Model - The Zacks model does not predict an earnings beat for Shell this quarter, as the Earnings ESP is 0.00% with both the Most Accurate Estimate and the Zacks Consensus Estimate at $1.72 per share [7][9]