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Here's Why Shell Gained But Lagged the Market Today
In the latest market close, Shell (NYSE: SHEL) reached $72.93, with a +0.48% movement compared to the previous day. This move lagged the S&P 500's daily gain of 1.02%. Elsewhere, the Dow gained 1.09%, while the tech-heavy Nasdaq added 1.18%.
Shares of the oil and gas company witnessed a gain of 3.26% over the previous month, beating the performance of the Oils-Energy sector with its loss of 11.98% and underperforming the S&P 500's gain of 4.44%.
The investment community will be closely monitoring the performance of Shell in its forthcoming earnings report. The company is scheduled to release its earnings on August 1, 2024. The company's upcoming EPS is projected at $1.96, signifying a 30.67% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $88.71 billion, indicating a 16.69% growth compared to ...