FY2026 EPS Estimates for Shell Increased by Erste Group Bank

Key Points

• Erste Group Bank raised its FY2026 EPS estimate for Shell to $10.22 (from $7.28), versus the street consensus of $9.60, and projects FY2027 EPS of $9.48.
• Analyst sentiment is mixed — Shell has a consensus rating of Hold with an average target of $97.33 after several downgrades, but bullish catalysts include Scotiabank’s $122 target, recent share buyback cancellations and CEO warnings of a potential ~900 million-barrel supply shortfall that could support oil prices.

Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) - Erste Group Bank increased their FY2026 earnings per share (EPS) estimates for shares of Shell in a report issued on Monday, April 27th. Erste Group Bank analyst H. Engel now expects that the energy company will post earnings of $10.22 per share for the year, up from their previous estimate of $7.28. The consensus estimate for Shell's current full-year earnings is $9.60 per share. Erste Group Bank also issued estimates for Shell's FY2027 earnings at $9.48 EPS.

Shell (NYSE:SHEL - Get Free Report) last released its earnings results on Friday, February 6th. The energy company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.07). Shell had a net margin of 6.52% and a return on equity of 10.34%. The firm had revenue of $64.09 billion during the quarter, compared to analysts' expectations of $65.82 billion.

SHEL has been the subject of a number of other reports. Wall Street Zen cut shares of Shell from a "buy" rating to a "hold" rating in a research report on Sunday, March 22nd. Morgan Stanley downgraded shares of Shell from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 24th. Royal Bank Of Canada lowered shares of Shell from an "outperform" rating to a "sector perform" rating in a research note on Monday, January 26th. Rothschild & Co Redburn lowered Shell from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 9th. Finally, Scotiabank lifted their price objective on Shell from $91.00 to $122.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, Shell currently has a consensus rating of "Hold" and an average target price of $97.33.

Shell Trading Up 1.4%

Shares of SHEL stock opened at $88.81 on Thursday. Shell has a fifty-two week low of $64.02 and a fifty-two week high of $94.90. The firm has a market capitalization of $251.51 billion, a P/E ratio of 14.80, a PEG ratio of 0.49 and a beta of 0.10. The stock's fifty day moving average is $88.47 and its two-hundred day moving average is $79.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.30.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position in shares of Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after purchasing an additional 2,545 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Shell by 70.1% during the first quarter. AQR Capital Management LLC now owns 32,564 shares of the energy company's stock valued at $2,386,000 after acquiring an additional 13,419 shares during the last quarter. IHT Wealth Management LLC raised its stake in shares of Shell by 31.6% in the 2nd quarter. IHT Wealth Management LLC now owns 11,900 shares of the energy company's stock valued at $838,000 after acquiring an additional 2,857 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Shell by 5.5% in the 2nd quarter. Captrust Financial Advisors now owns 137,086 shares of the energy company's stock worth $9,652,000 after acquiring an additional 7,179 shares during the last quarter. Finally, Ethic Inc. increased its holdings in Shell by 11.8% in the 3rd quarter. Ethic Inc. now owns 10,826 shares of the energy company's stock valued at $774,000 after purchasing an additional 1,141 shares during the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Shell

Here are the key news stories impacting Shell this week:

• Positive Sentiment: SPL buyback/cancellation — Shell announced purchases of ~607,918 shares for cancellation on 29 Apr 2026, reducing share count and supporting EPS per share. Transaction in Own Shares
• Positive Sentiment: Supply shock outlook — CEO warning of a potential ~900 million barrel shortfall and comments that Hormuz disruptions could persist into next year bolster oil price expectations, which typically lifts integrated producers like Shell. Shell CEO Warns 900 Million Barrel Gap As Hormuz Disruption Persists
• Positive Sentiment: Fuel market tightness — Reports that U.S. gasoline inventories plunged and pump prices are set to rise add to near-term margin tailwinds for oil majors’ refining and marketing segments. Gasoline stocks plummet, prices climb
• Positive Sentiment: Analyst upgrade — Scotiabank materially raised FY2026–FY2027 EPS forecasts and maintains a Sector Outperform stance with a $122 target, reinforcing bullish institutional views on Shell’s earnings power. Scotiabank upgrades/estimates
• Neutral Sentiment: Large Canada deal — Shell agreed to buy ARC Resources in a ~$16.4B enterprise-value transaction to bulk up Montney gas and LNG exposure; strategic fit may extend resource life and LNG optionality but the size, mix of cash/stock and assumed debt make near-term dilution/earnings impact mixed. Shell Strikes $16 Billion Mega-Deal To Conquer Canada's Energy Heartland
• Negative Sentiment: Refinery incident — A fire at Shell’s Norco (St. Charles Parish) refinery burned overnight but workers escaped; operational disruption or repair costs could hit near-term refining throughput and local margins until cleared. Fire at Shell’s St. Charles Parish refinery extinguished

About Shell

Shell plc NYSE: SHEL is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell's principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.

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