Shell gives 'sketchy' update but has firepower to ride storms, analysts say
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Shell PLC's recent update was criticized for lacking details, indicating potential challenges for the company. Analysts at Jefferies suggest that consensus earnings could be reduced by up to 10% from the current $5.4 billion.
January 08, 2025 | 9:45 am
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Shell's recent update was criticized for being 'sketchy' and lacking details, suggesting potential challenges. Jefferies analysts predict a possible 10% cut in consensus earnings from $5.4 billion.
The lack of detail in Shell's update and the potential 10% cut in earnings as suggested by Jefferies analysts indicate a negative short-term impact on the stock price. Investors may react to the uncertainty and potential financial challenges.
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