Earnings Preview For Shell

Shell (NYSE:SHEL) is set to give its latest quarterly earnings report on Thursday, 2024-10-31. Here's what investors need to know before the announcement.

Analysts estimate that Shell will report an earnings per share (EPS) of $1.75.

The announcement from Shell is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Performance in Previous Earnings

The company's EPS beat by $0.16 in the last quarter, leading to a 1.73% drop in the share price on the following day.

Here's a look at Shell's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.82

1.86

1.81

1.87

EPS Actual

1.98

2.40

2.22

1.86

Price Change %

-2.0%

0.0%

-1.0%

-4.0%

Insights Shared by Analysts on Shell

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Shell.

The consensus rating for Shell is Outperform, based on 3 analyst ratings. With an average one-year price target of $84.0, there's a potential 28.68% upside.

Comparing Ratings Among Industry Peers

The analysis below examines the analyst ratings and average 1-year price targets of TotalEnergies and Chevron, three significant industry players, providing valuable insights into their relative performance expectations ...