We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Schlumberger (SLB) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
Schlumberger (SLB - Free Report) closed at $49.36 in the latest trading session, marking a +1.06% move from the prior day. This change lagged the S&P 500's 1.68% gain on the day. Meanwhile, the Dow gained 1.06%, and the Nasdaq, a tech-heavy index, lost 1.7%.
Coming into today, shares of the world's largest oilfield services company had lost 14.78% in the past month. In that same time, the Oils-Energy sector lost 8.65%, while the S&P 500 lost 6.68%.
Wall Street will be looking for positivity from Schlumberger as it approaches its next earnings report date. On that day, Schlumberger is projected to report earnings of $0.60 per share, which would represent year-over-year growth of 76.47%. Meanwhile, our latest consensus estimate is calling for revenue of $7.55 billion, up 26.64% from the prior-year quarter.
SLB's full-year Zacks Consensus Estimates are calling for earnings of $3.02 per share and revenue of $32.74 billion. These results would represent year-over-year changes of +38.53% and +16.54%, respectively.
Any recent changes to analyst estimates for Schlumberger 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 remained stagnant. Schlumberger currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Schlumberger is holding a Forward P/E ratio of 16.19. This represents a premium compared to its industry's average Forward P/E of 13.35.
Also, we should mention that SLB has a PEG ratio of 0.42. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Oil and Gas - Field Services stocks are, on average, holding a PEG ratio of 0.42 based on yesterday's closing prices.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Schlumberger (SLB) Gains But Lags Market: What You Should Know
Schlumberger (SLB - Free Report) closed at $49.36 in the latest trading session, marking a +1.06% move from the prior day. This change lagged the S&P 500's 1.68% gain on the day. Meanwhile, the Dow gained 1.06%, and the Nasdaq, a tech-heavy index, lost 1.7%.
Coming into today, shares of the world's largest oilfield services company had lost 14.78% in the past month. In that same time, the Oils-Energy sector lost 8.65%, while the S&P 500 lost 6.68%.
Wall Street will be looking for positivity from Schlumberger as it approaches its next earnings report date. On that day, Schlumberger is projected to report earnings of $0.60 per share, which would represent year-over-year growth of 76.47%. Meanwhile, our latest consensus estimate is calling for revenue of $7.55 billion, up 26.64% from the prior-year quarter.
SLB's full-year Zacks Consensus Estimates are calling for earnings of $3.02 per share and revenue of $32.74 billion. These results would represent year-over-year changes of +38.53% and +16.54%, respectively.
Any recent changes to analyst estimates for Schlumberger 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 remained stagnant. Schlumberger currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Schlumberger is holding a Forward P/E ratio of 16.19. This represents a premium compared to its industry's average Forward P/E of 13.35.
Also, we should mention that SLB has a PEG ratio of 0.42. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Oil and Gas - Field Services stocks are, on average, holding a PEG ratio of 0.42 based on yesterday's closing prices.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.