We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Schlumberger (SLB) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Schlumberger (SLB - Free Report) closed at $28.04 in the latest trading session, marking a -0.85% move from the prior day. This move lagged the S&P 500's daily loss of 0.14%.
Heading into today, shares of the world's largest oilfield services company had lost 0.77% over the past month, lagging the Oils-Energy sector's gain of 0.71% and the S&P 500's gain of 3.13% in that time.
SLB will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.35, up 118.75% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $5.92 billion, up 12.56% from the year-ago period.
SLB's full-year Zacks Consensus Estimates are calling for earnings of $1.25 per share and revenue of $22.92 billion. These results would represent year-over-year changes of +83.82% and -2.88%, respectively.
It is also important to note the recent changes to analyst estimates for SLB. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.43% higher. SLB is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, SLB currently has a Forward P/E ratio of 22.72. For comparison, its industry has an average Forward P/E of 29.81, which means SLB is trading at a discount to the group.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 222, putting it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Schlumberger (SLB) Dips More Than Broader Markets: What You Should Know
Schlumberger (SLB - Free Report) closed at $28.04 in the latest trading session, marking a -0.85% move from the prior day. This move lagged the S&P 500's daily loss of 0.14%.
Heading into today, shares of the world's largest oilfield services company had lost 0.77% over the past month, lagging the Oils-Energy sector's gain of 0.71% and the S&P 500's gain of 3.13% in that time.
SLB will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.35, up 118.75% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $5.92 billion, up 12.56% from the year-ago period.
SLB's full-year Zacks Consensus Estimates are calling for earnings of $1.25 per share and revenue of $22.92 billion. These results would represent year-over-year changes of +83.82% and -2.88%, respectively.
It is also important to note the recent changes to analyst estimates for SLB. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.43% higher. SLB is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, SLB currently has a Forward P/E ratio of 22.72. For comparison, its industry has an average Forward P/E of 29.81, which means SLB is trading at a discount to the group.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 222, putting it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.