Houston, TX-based Schlumberger Limited (SLB - Free Report) is a leading oilfield services company, providing technology, project management and information services to the global oil and gas industry.
Schlumberger’s reporting segments can be categorized under four segments: Reservoir Characterization, Drilling, Production and Cameron. In the last four trailing quarters, the company has reported a positive average earnings surprise of 4.73%, missing the estimate once.
Currently, Schlumberger has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings:Earnings per share (excluding special items) came in at 27 cents, in-line with the Zacks Consensus Estimate.
Revenue: Revenues of $7,107 million came above the Zacks Consensus Estimate of $7,096 million.
Key Stats: Pre-tax operating income from Reservoir Characterization segment was $316 million, down 39% year over year. Drilling Group contributed income of $234 million, down 53% year over year.
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Houston, TX-based Schlumberger Limited (SLB - Free Report) is a leading oilfield services company, providing technology, project management and information services to the global oil and gas industry.
Schlumberger’s reporting segments can be categorized under four segments: Reservoir Characterization, Drilling, Production and Cameron. In the last four trailing quarters, the company has reported a positive average earnings surprise of 4.73%, missing the estimate once.
Currently, Schlumberger has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings:Earnings per share (excluding special items) came in at 27 cents, in-line with the Zacks Consensus Estimate.
Revenue: Revenues of $7,107 million came above the Zacks Consensus Estimate of $7,096 million.
Key Stats: Pre-tax operating income from Reservoir Characterization segment was $316 million, down 39% year over year. Drilling Group contributed income of $234 million, down 53% year over year.
(You can see the complete list of today’s Zacks #1 Rank stocks here)
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research. See these stocks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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