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 $1.04, above the Zacks Consensus Estimate of $1.02 and the year-ago profit of 44 cents. Higher realized commodity prices led to the outperformance.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last seven 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:
Revenue Improves from Last Year: Revenues of $88,124 million were 31.3% above the fourth-quarter 2016 sales of $67,092 million.
Key Stats: Upstream segment recorded a profit of $1,650 million (excluding items) during the quarter, soaring from the paltry $54 million (adjusted) achieved in the year-ago period. Shell’s upstream volumes averaged 2,775 thousand oil-equivalent barrels per day (MBOE/d), 7.4% lower than the year-ago period. The group’s worldwide realized liquids prices were 24% above the year-earlier levels while natural gas prices were up 9%.
In the downstream segment – that focuses on refining, marketing and retailing – the Anglo-Dutch super-major reported adjusted income of $1,396 million, 4.3% more than the $1,339 million earned in the year-ago period.
The Integrated Gas unit reported adjusted income of $1,636 million, an 80.4% improvement from the $907 million in October-December quarter of 2016.
However, the oil major’s operating cash flow fell to $7,275 million, down 20.7% from a year earlier.
Zacks Rank: Currently, Royal Dutch Shell carries a Zacks Rank #1 (Strong 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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Royal Dutch Shell (RDS.A) Q4 Earnings Beat, Cash Flow Falls
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 $1.04, above the Zacks Consensus Estimate of $1.02 and the year-ago profit of 44 cents. Higher realized commodity prices led to the outperformance.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last seven 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
Revenue Improves from Last Year: Revenues of $88,124 million were 31.3% above the fourth-quarter 2016 sales of $67,092 million.
Key Stats: Upstream segment recorded a profit of $1,650 million (excluding items) during the quarter, soaring from the paltry $54 million (adjusted) achieved in the year-ago period. Shell’s upstream volumes averaged 2,775 thousand oil-equivalent barrels per day (MBOE/d), 7.4% lower than the year-ago period. The group’s worldwide realized liquids prices were 24% above the year-earlier levels while natural gas prices were up 9%.
In the downstream segment – that focuses on refining, marketing and retailing – the Anglo-Dutch super-major reported adjusted income of $1,396 million, 4.3% more than the $1,339 million earned in the year-ago period.
The Integrated Gas unit reported adjusted income of $1,636 million, an 80.4% improvement from the $907 million in October-December quarter of 2016.
However, the oil major’s operating cash flow fell to $7,275 million, down 20.7% from a year earlier.
Zacks Rank: Currently, Royal Dutch Shell carries a Zacks Rank #1 (Strong 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!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>