If you're looking for stocks that are setting up in a base ahead of their next earnings report, here's one that fits the bill: Shell Plc. It's expected to release its latest numbers around Oct. 27 and is trading approximately 17% under a 61.77 entry. The entry is based on a first-stage consolidation.
Understand that buying just before a stock reports is risky, since an EPS or sales miss could send it sharply lower. You can reduce your exposure by waiting to see how the company reports and how the market reacts. Using an options strategy during earnings season is another way to put yourself in a position to profit, while minimizing the potential downside.
Looking For Winning Stocks? Try This Simple Routine
Earnings Preview
While earnings-per-share growth declined in the prior quarter from 186% to 117%, revenue grew 65%, up from 51% in the previous report.
Analysts are looking for earnings-per-share growth of 149% for the quarter, and 124% growth for the full year.
Shell Stock has a 96 Composite Rating and earns the No. 11 rank among its peers in the Oil & Gas-Integrated industry group. Equinor ASA Adr, Imperial Oil and Marathon Oil Corporation are among the top 5 highly rated stocks within the group.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
