Shell Q3 Adj EPADS $1.86 Misses $1.87 Estimate, Sales $76.35B Miss $82.96B Estimate
Portfolio Pulse from Benzinga Newsdesk
Shell (NYSE:SHEL) reported Q3 adjusted earnings of $1.86 per share, missing the analyst consensus estimate of $1.87 by 0.53 percent. This represents a 28.46 percent decrease from the same period last year. Quarterly sales were $76.35 billion, missing the analyst consensus estimate of $82.96 billion by 7.97 percent, a 20.26 percent decrease from the same period last year.
November 02, 2023 | 7:11 am
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NEGATIVE IMPACT
Shell's Q3 earnings and sales missed estimates, indicating a potential negative impact on its stock price.
Shell's earnings and sales for Q3 have both missed analyst estimates, which is typically a negative signal for the stock. The decrease in earnings and sales compared to the same period last year further compounds this negative outlook.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100