Shell PLC reports results for the quarter ended June 30 - Earnings Summary

• Shell PLC SHEL reported quarterly adjusted earnings of $1.44​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.98. The mean expectation of eight analysts for the quarter was for earnings of $1.36 per share. Wall Street expected results to range from $1.15 to $1.71 per share.

• Revenue fell 12.2% to $65.41 billion from a year ago; analysts expected $58.34 billion.

• Shell PLC's reported EPS for the quarter was $1.20​.

• The company reported quarterly net income of $3.6 billion.

• Shell PLC shares had risen by 1.9% this quarter and gained 14.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.2% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 2 "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 $80.00, about 10.4% above its last closing price of $71.72

This summary was machine generated from LSEG data July 31 at 07:01 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)