2023-04-20 14:51:06 ET
- SLB ( NYSE: SLB ) is scheduled to announce Q1 earnings results on Friday, April 21st, before market open.
- The consensus EPS estimate is $0.61 and the consensus revenue estimate is $7.46B.
- Over the last 2 years, SLB has beaten EPS estimates 100% of the time and has beaten revenue estimates 88% of the time.
- Over the last 3 months, EPS estimates have seen 8 upward revisions and 7 downward. Revenue estimates have seen 5 upward revisions and 5 downward.
- The company on Jan. 20 reported Q4 Non-GAAP EPS of $0.71 beating estimates by $0.03. Revenue of $7.9B was +26.57% Y/Y and topped consensus by $110M.
- SLB has a Quant rating of "Hold", with a 3.35 rating score.
- SLB has an industry ranking of 15 out of 46 among Oil and Gas Equipment and Services stocks, as per SA's Quant ranking.
- Wall Street analysts and Seeking Alpha authors rate the SLB stock "Buy".
- Recent Analysis: Daniel Jones, leader of the Crude Value Insights Investing Group on Seeking Alpha wrote in a recently published report, "I think that Schlumberger will find itself in a good position. Revenue, profits, and cash flows are all likely to rise materially year over year. Although it is true that the stock looks more or less fairly valued compared to similar firms, I do think it looks affordable on an absolute basis. Due to these factors, I have no problem rating the company a ‘buy’ at this time to reflect my view that it should outperform the broader market for the foreseeable future."
- UBS on Wednesday upgraded SLB to "Buy" from "Neutral" with a $66 price target, raised from $48, citing growth driven by the company's high-margin Digital unit and 78% international revenue mix.
- Other analysis from our contributors: Exxon And Schlumberger: The Big Carbon Capture Opportunity by Joseph Mwangi.
- SLB rose 71% in 2022, while the benchmark S&P 500 index slipped nearly 20% for the year.
For further details see:
SLB Q1 2023 earnings on deck, what to expect