Shell (SHEL) closed at $72.21, experiencing a minor decline of 0.06% from the previous day, while the S&P 500 rose by 1.08%. Over the past month, Shell’s shares increased by 3.3%, outperforming the Oils-Energy sector, which faced a 9.19% loss, and the S&P’s 0.43% gain.
The company is set to release its earnings report on August 1, 2024, with projected earnings per share (EPS) of $1.82, marking a 21.33% increase from last year. Revenue estimates stand at $88.62 billion, indicating a 16.58% year-over-year rise. For the full year, Shell’s expected EPS is $8.53, with total revenue projected at $360.4 billion, reflecting increases of 1.55% and 11.51%, respectively, compared to last year.
Currently, Shell holds a Zacks Rank of #3 (Hold), with a Forward P/E ratio of 8.47, above the industry average of 7.89. The company’s PEG ratio is 1.65, aligned with the Oil and Gas – Integrated – International industry’s average.
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