Shell (RDS.A) Q3 Earnings Miss, Cash Flow Soars to $12B
An Earnings Miss: 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 $1.36, below the Zacks Consensus Estimate of $1.43 but above the year-ago profit of $1.00. Estimate Revision Trend & Surprise History: The stock had seen the Zacks Consensus Estimate for second-quarter earnings being revised 2% upward over the last 30 days. Coming to earnings surprise history, the blue-chip company has a good record: its beaten estimates in three of the last four quarters, as shown in the chart below: Royal Dutch Shell PLC Price and EPS Surprise Royal Dutch Shell PLC Price and EPS Surprise | Royal Dutch Shell PLC Quote Revenues: Revenues of $101.5 billion were 31% above the third-quarter 2017 sales of $77.7 billion […]