Houston, TX-based Schlumberger Limited (SLB - Free Report) is the largest oilfield services player in the world with presence in every energy market across the world.
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 4.2%.
Currently, Schlumberger has a Zacks Rank #3 (Hold) but that could change following its fourth 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 48 cents, surpassed the Zacks Consensus Estimate of 44 cents.
Revenue: Revenues of $8,179 million came higher than the Zacks Consensus Estimate of $8,116 million.
Key Stats: Pre-tax operating income from Reservoir Characterization segment was $360 million, up 13% year over year. Moreover, Drilling Group contributed income of $319 million, surged 36% year over year. Also, income from Production Group jumped 146% to $315 million.
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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 the largest oilfield services player in the world with presence in every energy market across the world.
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 4.2%.
Currently, Schlumberger has a Zacks Rank #3 (Hold) but that could change following its fourth 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 48 cents, surpassed the Zacks Consensus Estimate of 44 cents.
Revenue: Revenues of $8,179 million came higher than the Zacks Consensus Estimate of $8,116 million.
Key Stats: Pre-tax operating income from Reservoir Characterization segment was $360 million, up 13% year over year. Moreover, Drilling Group contributed income of $319 million, surged 36% year over year. Also, income from Production Group jumped 146% to $315 million.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker 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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