Shell PLC reports results for the quarter ended December 31 - Earnings Summary

• Shell PLC SHEL reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.08. The mean expectation of seven analysts for the quarter was for earnings of 82 cents per share. Wall Street expected results to range from 53 cents to $1.67 per share.

• Revenue fell 15.8% to $66.28 billion from a year ago; analysts expected $72.00 billion.

• Shell PLC's reported EPS for the quarter was 15 cents​.

• The company reported quarterly net income of $928 million.

• Shell PLC shares had risen by 4.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 24.2% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the integrated oil & gas peer group is also "buy"

Wall Street's median 12-month price target for Shell PLC is GBp3,200.00

This summary was machine generated from LSEG data January 30 at 08:36 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)