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Schlumberger (SLB) Increases Yet Falls Behind Market: What Investors Need to Know
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In the latest market close, Schlumberger (SLB - Free Report) reached $42.98, with a +0.19% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.25%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq increased by 0.56%.
The world's largest oilfield services company's stock has dropped by 5.92% in the past month, falling short of the Oils-Energy sector's loss of 0.05% and the S&P 500's gain of 1.65%.
Analysts and investors alike will be keeping a close eye on the performance of Schlumberger in its upcoming earnings disclosure. On that day, Schlumberger is projected to report earnings of $0.89 per share, which would represent year-over-year growth of 14.1%. In the meantime, our current consensus estimate forecasts the revenue to be $9.3 billion, indicating a 11.96% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.49 per share and revenue of $36.88 billion. These totals would mark changes of +17.11% and +11.29%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Schlumberger. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.02% upward. Currently, Schlumberger is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Schlumberger is at present trading with a Forward P/E ratio of 12.3. This signifies a discount in comparison to the average Forward P/E of 19.13 for its industry.
Also, we should mention that SLB has a PEG ratio of 0.92. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Field Services industry currently had an average PEG ratio of 0.97 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 166, putting it in the bottom 35% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Schlumberger (SLB) Increases Yet Falls Behind Market: What Investors Need to Know
In the latest market close, Schlumberger (SLB - Free Report) reached $42.98, with a +0.19% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.25%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq increased by 0.56%.
The world's largest oilfield services company's stock has dropped by 5.92% in the past month, falling short of the Oils-Energy sector's loss of 0.05% and the S&P 500's gain of 1.65%.
Analysts and investors alike will be keeping a close eye on the performance of Schlumberger in its upcoming earnings disclosure. On that day, Schlumberger is projected to report earnings of $0.89 per share, which would represent year-over-year growth of 14.1%. In the meantime, our current consensus estimate forecasts the revenue to be $9.3 billion, indicating a 11.96% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.49 per share and revenue of $36.88 billion. These totals would mark changes of +17.11% and +11.29%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Schlumberger. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.02% upward. Currently, Schlumberger is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Schlumberger is at present trading with a Forward P/E ratio of 12.3. This signifies a discount in comparison to the average Forward P/E of 19.13 for its industry.
Also, we should mention that SLB has a PEG ratio of 0.92. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Field Services industry currently had an average PEG ratio of 0.97 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 166, putting it in the bottom 35% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.