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Schlumberger (SLB) Dips More Than Broader Markets: What You Should Know
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Schlumberger (SLB - Free Report) closed the most recent trading day at $44.24, moving -1.69% from the previous trading session. This change lagged the S&P 500's daily loss of 0.79%. At the same time, the Dow lost 0.85%, and the tech-heavy Nasdaq lost 1.11%.
Coming into today, shares of the world's largest oilfield services company had gained 23.86% in the past month. In that same time, the Oils-Energy sector gained 15.16%, while the S&P 500 gained 13.44%.
Wall Street will be looking for positivity from SLB as it approaches its next earnings report date. This is expected to be April 19, 2019. The company is expected to report EPS of $0.30, down 21.05% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $7.92 billion, up 1.15% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.63 per share and revenue of $33.99 billion, which would represent changes of +0.62% and +3.58%, respectively, from the prior year.
Any recent changes to analyst estimates for SLB should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 16.5% lower. SLB is holding a Zacks Rank of #5 (Strong Sell) right now.
Valuation is also important, so investors should note that SLB has a Forward P/E ratio of 27.62 right now. For comparison, its industry has an average Forward P/E of 17.55, which means SLB is trading at a premium to the group.
Also, we should mention that SLB has a PEG ratio of 2.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Field Services industry currently had an average PEG ratio of 2.04 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 245, which puts it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Schlumberger (SLB) Dips More Than Broader Markets: What You Should Know
Schlumberger (SLB - Free Report) closed the most recent trading day at $44.24, moving -1.69% from the previous trading session. This change lagged the S&P 500's daily loss of 0.79%. At the same time, the Dow lost 0.85%, and the tech-heavy Nasdaq lost 1.11%.
Coming into today, shares of the world's largest oilfield services company had gained 23.86% in the past month. In that same time, the Oils-Energy sector gained 15.16%, while the S&P 500 gained 13.44%.
Wall Street will be looking for positivity from SLB as it approaches its next earnings report date. This is expected to be April 19, 2019. The company is expected to report EPS of $0.30, down 21.05% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $7.92 billion, up 1.15% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.63 per share and revenue of $33.99 billion, which would represent changes of +0.62% and +3.58%, respectively, from the prior year.
Any recent changes to analyst estimates for SLB should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 16.5% lower. SLB is holding a Zacks Rank of #5 (Strong Sell) right now.
Valuation is also important, so investors should note that SLB has a Forward P/E ratio of 27.62 right now. For comparison, its industry has an average Forward P/E of 17.55, which means SLB is trading at a premium to the group.
Also, we should mention that SLB has a PEG ratio of 2.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Field Services industry currently had an average PEG ratio of 2.04 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 245, which puts it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.