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Shell (SHEL) Stock Declines While Market Improves: Some Information for Investors
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Shell (SHEL - Free Report) closed the latest trading day at $66.67, indicating a -0.6% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.73%. On the other hand, the Dow registered a gain of 0.62%, and the technology-centric Nasdaq increased by 0.93%.
Shares of the oil and gas company witnessed a gain of 3.65% over the previous month, beating the performance of the Oils-Energy sector with its loss of 0.7% and the S&P 500's loss of 2.29%.
The investment community will be closely monitoring the performance of Shell in its forthcoming earnings report. The company is scheduled to release its earnings on November 2, 2023. On that day, Shell is projected to report earnings of $2.04 per share, which would represent a year-over-year decline of 20.93%.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $8.57 per share and a revenue of $369.45 billion, signifying shifts of -20.35% and -4.34%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Shell. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.42% higher. Currently, Shell is carrying a Zacks Rank of #2 (Buy).
Looking at valuation, Shell is presently trading at a Forward P/E ratio of 7.83. Its industry sports an average Forward P/E of 6.73, so one might conclude that Shell is trading at a premium comparatively.
It's also important to note that SHEL currently trades at a PEG ratio of 0.84. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.84 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 38, positioning it in the top 16% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Shell (SHEL) Stock Declines While Market Improves: Some Information for Investors
Shell (SHEL - Free Report) closed the latest trading day at $66.67, indicating a -0.6% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.73%. On the other hand, the Dow registered a gain of 0.62%, and the technology-centric Nasdaq increased by 0.93%.
Shares of the oil and gas company witnessed a gain of 3.65% over the previous month, beating the performance of the Oils-Energy sector with its loss of 0.7% and the S&P 500's loss of 2.29%.
The investment community will be closely monitoring the performance of Shell in its forthcoming earnings report. The company is scheduled to release its earnings on November 2, 2023. On that day, Shell is projected to report earnings of $2.04 per share, which would represent a year-over-year decline of 20.93%.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $8.57 per share and a revenue of $369.45 billion, signifying shifts of -20.35% and -4.34%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Shell. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.42% higher. Currently, Shell is carrying a Zacks Rank of #2 (Buy).
Looking at valuation, Shell is presently trading at a Forward P/E ratio of 7.83. Its industry sports an average Forward P/E of 6.73, so one might conclude that Shell is trading at a premium comparatively.
It's also important to note that SHEL currently trades at a PEG ratio of 0.84. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.84 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 38, positioning it in the top 16% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.