Shell (SHEL) Surpasses Market Returns: Some Facts Worth Knowing

Shell (SHEL) closed the most recent trading day at $75.72, moving +1.58% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.58%. Meanwhile, the Dow gained 0.31%, and the Nasdaq, a tech-heavy index, added 0.89%. Heading into today, shares of the oil and gas company had gained 3.36% over the past month, outpacing the Oils-Energy sector's loss of 1.02% and the S&P 500's gain of 0.16%.The investment community will be closely monitoring the performance of Shell in its forthcoming earnings report. The company is predicted to post an EPS of $1.61, indicating a 16.15% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $74.85 billion, up 3.3% from the year-ago period. SHEL's full-year Zacks Consensus Estimates are calling for earnings of $6.62 per share and revenue of $283.34 billion. These results would represent year-over-year changes of -11.97% and -1.97%, respectively. Any recent changes to analyst estimates for Shell should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.09% increase. As of now, Shell holds a Zacks Rank of #3 (Hold). Looking at valuation, Shell is presently trading at a Forward P/E ratio of 11.27. This represents a premium compared to its industry average Forward P/E of 10.73. It's also important to note that SHEL currently trades at a PEG ratio of 1.8. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 1.8 as of yesterday's close. The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 220, which puts it in the bottom 11% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Zacks.com. Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Shell PLC Unsponsored ADR (SHEL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks