All Star Highlight
SCHLUMBERGER LT SLB
Aug 01, 2007Schlumberger (SLB) recently announced solid second-quarter results, including a positive earnings surprise of more than 7% thanks to the increasing pace of international activity. The oilfield services company remains a member of theAll Star Analyst Portfolio . Read about SLB, along with three other names from the portfolio. This exclusive portfolio represents all stocks with a Strong Buy rating from at least four analysts with a 5-Star All Star ranking.
Here is a synopsis of why these stocks are in the All Star Analysts Portfolio:
AMETEK, Inc. (AME) reported second quarter earnings per share of 54 cents on sales of $519.5 million, compared to the previous year?s 43 cents on $450.6 million. The earnings result bettered the consensus by 3.9% while sales growth was 15%. However, analysts were most impressed with the electronic instrument maker?s decision to boost its 2007 earnings per share outlook to between $2.01 and $2.05, which would advance between 18% and 20% from 2006. Earnings estimates for the full year are approximately 2% higher from one month ago. This Zacks #2 Rank company remains a member of the All Star Analyst Portfolio.
Cameron (CAM) remains a fixture on the All Star analyst portfolio. During its second-quarter announcement earlier this week, the oil and gas equipment manufacturer boosted its full year earnings guidance. Cameron now expects between $4.10 and $4.20 per share, compared to its previous outlook of $3.85 to $4. This came during a solid quarterly performance for the company, including earnings per share of $1.02, excluding items, which beat the consensus by 7.4%. Furthermore, total revenues jumped more than 32% to $1.14 billion. Total orders were up 4% year over year and 5% sequentially to $1.31 billion.
McDermott International, Inc. (MDR) announced earlier this week that an affiliate of its subsidiary, J. Ray McDermott, S.A., completed the acquisition of substantially all the assets of Secunda International Ltd. for about $260 million. Those assets include 14 harsh-weather, multi-functional vessels. McDermott will report its second-quarter results in early August. For its first quarter, the worldwide energy services company reported earnings per share that topped the consensus by almost 83% with revenues that advanced to $1.36 billion from $644.9 million year over year. This Zacks #1 Rank company remains a part of the All Star Analyst Portfolio.
Schlumberger Ltd. (SLB) remains one of the All Stars? favorite names in the oilfield services industry. Recently, the company announced second-quarter earnings per share of $1.02, eclipsing the consensus by approximately 7.4% and bettering the year-ago result. Revenue at $5.64 billion improved from $4.69 billion in the second quarter of 2006. Oilfield services revenue advanced 5% sequentially and 21% year over year to $4.97 billion. The company?s chairman and CEO stated that the quarter?s results were driven by the increasing pace of international activity.
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