Here's Why Shell (SHEL) Gained But Lagged the Market Today

Shell (SHEL) closed the latest trading day at $71.52, indicating a +0.77% change from the previous session's end. This change lagged the S&P 500's 1.08% gain on the day. At the same time, the Dow added 0.92%, and the tech-heavy Nasdaq gained 1.41%.The oil and gas company's shares have seen an increase of 4.64% over the last month, surpassing the Oils-Energy sector's loss of 2.69% and the S&P 500's loss of 8.26%.Investors will be eagerly watching for the performance of Shell in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.95, showcasing a 18.07% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $79.93 billion, up 7% from the prior-year quarter.Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.75 per share and revenue of $305.47 billion, indicating changes of +3.06% and +5.69%, respectively, compared to the previous year.It is also important to note the recent changes to analyst estimates for Shell. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.33% lower. Shell is currently a Zacks Rank #3 (Hold).With respect to valuation, Shell is currently being traded at a Forward P/E ratio of 9.16. This indicates a premium in contrast to its industry's Forward P/E of 8.07.It's also important to note that SHEL currently trades at a PEG ratio of 1.01. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Integrated - International industry had an average PEG ratio of 1.12 as trading concluded yesterday.The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 152, placing it within the bottom 40% of over 250 industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Shell PLC Unsponsored ADR (SHEL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks