- As expected, Schlumberger's first-quarter 2022 earnings results were very impressive as the company posted double-digit growth in every financial category.
- This impressive growth is expected to continue over the next three years as high energy prices drive customers to increase their spending on various projects.
- The stock's current valuation appears incredibly reasonable given its projected forward earnings growth rate.
- The company will experience a drag on earnings due to the situation in Russia and the sanctions but it should still be able to achieve its expected growth.
- The stock's current valuation is rather expensive compared to the rest of the sector but pretty much the whole sector is cheap so this is not a big deal.
For further details see:
Schlumberger: Solid Earnings, Impressive Growth Potential, Very Reasonable Valuation