Shell Q3 Earnings Preview: Can Production Gains Offset Revenue Decline?
Portfolio Pulse from Henry Khederian
Shell PLC (NYSE:SHEL) is set to release its Q3 earnings, with analysts expecting EPS of $1.66 and revenue of $61.343 billion. Despite previous revenue growth, Shell faces challenges with production declines and market volatility. The company's financial health remains strong, with robust cash flow and a solid balance sheet. Investors will watch for potential rebounds in marketing sales and operational efficiencies.
October 30, 2024 | 2:46 pm
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Shell's Q3 earnings are anticipated to show EPS of $1.66 and revenue of $61.343 billion. Despite previous revenue growth, production declines and market volatility pose challenges. However, strong cash flow and a solid balance sheet provide resilience.
Shell's Q3 earnings are closely watched due to previous production declines and market volatility. While revenue is expected to decrease, the company's strong cash flow and financial position provide stability. The impact on stock price is neutral as the market has tempered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100