Shell Q4 Adj. EPADS $2.20 Beats $1.81 Estimate, Sales $78.73B Beat $75.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
Shell (NYSE:SHEL) reported Q4 adjusted earnings per share (EPS) of $2.20, surpassing the analyst consensus estimate of $1.81 by 21.55%. However, this represents a 20.86% decrease from the $2.78 EPS reported in the same period last year. Quarterly sales reached $78.73 billion, exceeding estimates of $75.66 billion by 4.06%, but showing a 22.28% decline from the $101.30 billion reported last year.
February 01, 2024 | 7:10 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Shell reported higher-than-expected Q4 earnings and sales, but both earnings and sales figures showed significant declines from the previous year.
The positive earnings surprise and sales beat are likely to be viewed favorably by investors in the short term, despite the year-over-year declines. Typically, surpassing analyst expectations can lead to a positive stock price reaction. However, the significant decrease compared to last year's figures may temper investor enthusiasm, suggesting a more moderate impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100