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 7.58%.
Currently, Schlumberger has a Zacks Rank #3 (Hold) but that could change following its third quarter 2017 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 42 cents, in-line with the Zacks Consensus Estimate.
Revenue: Revenues of $7,905 million came slightly below the Zacks Consensus Estimate of $7,910 million.
Key Stats: Pre-tax operating income from Reservoir Characterization segment was $311 million, down 5% year over year. However, Drilling Group contributed income of $301 million, surged 38% year over year. Also, income from Production Group jumped 212% to $283 million.
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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.
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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 7.58%.
Currently, Schlumberger has a Zacks Rank #3 (Hold) but that could change following its third quarter 2017 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 42 cents, in-line with the Zacks Consensus Estimate.
Revenue: Revenues of $7,905 million came slightly below the Zacks Consensus Estimate of $7,910 million.
Key Stats: Pre-tax operating income from Reservoir Characterization segment was $311 million, down 5% year over year. However, Drilling Group contributed income of $301 million, surged 38% year over year. Also, income from Production Group jumped 212% to $283 million.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
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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