Shell’s (RDS.A) Solid Q1 Earnings Led by Higher Oil Prices
An Earnings Beat: 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 $1.28, above the Zacks Consensus Estimate of $1.24 and the year-ago profit of 92 cents. Higher realized commodity prices led to the outperformance. Estimate Revision Trend & Surprise History: The stock had seen the Zacks Consensus Estimate for first-quarter earnings being revised 14.8% upward over the last 30 days […]