Why Shell (SHEL) Outpaced the Stock Market Today

Shell (SHEL) closed the most recent trading day at $72.43, moving +1.26% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.34%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq appreciated by 0.42%. The oil and gas company's stock has dropped by 3.06% in the past month, falling short of the Oils-Energy sector's gain of 0.17% and the S&P 500's gain of 3.54%.The investment community will be closely monitoring the performance of Shell in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.46, marking a 23.96% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $73.69 billion, indicating a 1.69% upward movement from the same quarter last year. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.23 per share and revenue of $282.18 billion. These totals would mark changes of -17.15% and -2.37%, respectively, from last year. Investors should also take note of any recent adjustments to analyst estimates for Shell. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 last 30 days, the Zacks Consensus EPS estimate has moved 3.17% higher. At present, Shell boasts a Zacks Rank of #3 (Hold). From a valuation perspective, Shell is currently exchanging hands at a Forward P/E ratio of 11.48. This signifies a premium in comparison to the average Forward P/E of 10.54 for its industry. We can also see that SHEL currently has a PEG ratio of 1.85. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Oil and Gas - Integrated - International industry had an average PEG ratio of 1.97. The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 87, placing it within the top 36% of over 250 industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.See "2nd Wave" AI 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