| Shell (RDS.A) Q2 Earnings Crush Loss Estimate, Sales Plunge | |
| | |
|
Reports Earnings: Europe’s largest oil company Royal Dutch Shell plc RDS.A reported earnings per ADS (on a current cost of supplies basis, excluding items – the market’s preferred measure) of 16 cents. This compares with the Zacks Consensus Estimate of a loss of 31 cents.
Estimate Revision Trend & Surprise History: Notably, the Zacks Consensus Estimate for bottom line was revised 6.9% downward in the last 7 days.
Over the trailing four quarters, the company surpassed the Zacks Consensus Estimate on two occasions and missed in the other two, the surprise being 7.13%, on average. This is shown in the chart below: Royal Dutch Shell PLC Price and EPS SurpriseRoyal Dutch Shell PLC price-eps-surprise | Royal Dutch Shell PLC Quote Revenue Plunges: Revenues of $32.5 billion were 64.6% below the second-quarter 2019 sales of $91.8 billion.
Key Stats: Upstream segment recorded a loss of $1.5 billion (excluding items) during the quarter, compared to the profit of $1.3 billion (adjusted) achieved in the year-ago period. Shell’s upstream volumes averaged 2,415 thousand oil-equivalent barrels per day (MBOE/d), down 7% from the year-ago period. At $24.31 per barrel, the group’s worldwide realized liquids prices were 60% below the year-earlier levels while natural gas prices were down 24%.
In the Oil Products segment, the Anglo-Dutch super-major reported adjusted income of $2.4 billion, 89% more than the year-ago period.
The Integrated Gas unit reported adjusted income of $362 million, down 79% from the $1.7 billion in April-June quarter of 2019.
Meanwhile, the Chemicals segment recorded a profit of $206 million (excluding items) during the quarter, up 56% from the $132 million (adjusted) achieved in the year-ago period.
The oil major’s operating cash flow slumped 77% from the year-earlier level to $2.6 billion.
Zacks Rank: Currently, Royal Dutch Shell carries a Zacks Rank #2 (Buy).
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this Royal Dutch Shell earnings report later! 5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Royal Dutch Shell PLC (RDS.A) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
|
|
Read the rest of the article at
https:
|
Royal Dutch Shell
|
|
|
CODE : RDSA.AS |
ISIN : US7802592060 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Royal Dutch Shell is a oil producing company based in Netherlands. Royal Dutch Shell is listed in Germany, in Netherlands, in United Kingdom and in United States of America. Its market capitalisation is €UR 187.4 billions as of today (US$ 214.0 billions, € 187.4 billions). Its stock quote reached its highest recent level on May 24, 2018 at €UR 31.38, and its lowest recent point on October 30, 2020 at €UR 10.10. Royal Dutch Shell has 8 222 179 840 shares outstanding. |