Shell Falls 1.38% as Investors Look Ahead to Results
The shares lagged major US indexes, while analyst consensus forecasts point to higher quarterly earnings and revenue year over year.
Shell shares closed at $95.14, down 1.38% from the prior session. The decline was steeper than losses in the S&P 500, Dow and Nasdaq.
Over the past month, Shell shares gained 5.49%, according to the article. That outpaced a 0.04% rise in the Oils-Energy sector, while the S&P 500 fell 0.24%.
Investors are looking ahead to Shell’s next financial results. Zacks consensus estimates call for quarterly earnings of $2.85 per share, up 53.23% from the same quarter a year earlier.
The consensus revenue forecast is $88.96 billion, a 26.34% increase year over year. For the full year, Zacks projects earnings of $10.89 per share and revenue of $382.93 billion.
Zacks said its consensus estimate for quarterly earnings per share rose 4.96% over the past 30 days. The article did not specify when Shell is due to report.
This article was produced with the help of AI technology.
Source: Yahoo Finance
