Schlumberger ( NYSE: SLB ) is scheduled to announce Q4 earnings results on Friday, January 20th, before market open.
The consensus EPS Estimate is $0.68 (+65.9% Y/Y) and the consensus Revenue Estimate is $7.79B (+25.2% Y/Y).
Over the last 3 months, EPS estimates have seen 18 upward revisions and 0 downward. Revenue estimates have seen 15 upward revisions and 0 downward.
Analysts and investors will be tuning in to the Q4 results of the world’s largest oilfield service company to look for expectations of pricing trends and activity in 2023, given the recent pullback in oil and natural gas prices. Schlumberger's free cash flow outlook and plans, and macroeconomic views for the year will also be closely monitored.
Shares of the Texas-based company have surged about 52% in the past year, rising alongside peers Baker Hughes ( BKR ) and Halliburton ( HAL ).
The Wall Street consensus rating on the stock remains a Buy, but Seeking Alpha’s Quant team has held steady with a Hold rating due to valuation concerns.
Wolfe Research too downgraded Schlumberger the previous week citing the stock's premium valuation is harder to defend with catalysts now behind it.
On the other hand, Morgan Stanley remained positive about the stock and other international oilfield service companies, noting that they have the best potential to meaningfully improve their through-cycle pricing.
Raymond James also relaunched coverage of the oilfield services sector with a favorable view, rating Schlumberger ( SLB ) at Outperform with the sector set up for "a sustained period of free cash flow generation, as limited new capacity provides for an extended period of strong margins."
Over the last 2 years, Schlumberger ( SLB ) has beaten EPS estimates 100% of the time and has beaten revenue estimates 88% of the time.
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Schlumberger set for solid Q4, 2023 outlook to take spotlight