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SLB Poised to Report Q2 Earnings: Here's What You Need to Know
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Key Takeaways
SLB will report Q2 2025 earnings on July 18, with EPS and revenue both expected to decline year over year.
Digital & Integration growth, driven by AI adoption, likely supported SLB's performance in the quarter.
Subdued drilling in Saudi Arabia, Latin America and North America may weigh on SLB's Q2 results.
SLB (SLB - Free Report) is set to report second-quarter 2025 results on July 18, before the market opens.
In the last reported quarter, its adjusted earnings of 72 cents per share (excluding charges and credits) missed the Zacks Consensus Estimate of 74 cents, primarily due to weak drilling activity in Mexico, Saudi Arabia and offshore Africa. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
SLB’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed in one, delivering an average surprise of 0.8%. This is depicted in the graph below:
The Zacks Consensus Estimate for second-quarter earnings per share of 74 cents has witnessed five downward revisions and no upward revision in the past 30 days. The estimated figure suggests a decline of 14.1% from the prior-year reported number.
The Zacks Consensus Estimate for revenues of $8.5 billion indicates a 7.2% decrease from the year-ago recorded figure.
Factors to Consider Ahead of SLB’s Q2 Earnings
SLB is a leading oilfield service provider to upstream companies across the world. The global energy technology firm is anticipated to have sustained a stable performance in the second quarter, supported by growth in its Digital & Integration business segment. This unit offers a mix of products and solutions, integrated with artificial intelligence (AI) capabilities that support energy companies worldwide by driving efficiencies. SLB’s growth is likely to have been aided by the increased adoption of digital and AI solutions across the upstream and low-carbon energy value chain.
However, challenges are likely to have loomed due to subdued drilling activity levels, particularly in Saudi Arabia and Latin America. The demobilization of numerous rigs and a pause in operations at the Jafurah unconventional-gas field in Saudi Arabia are expected to have taken a hit on SLB’s financial performance in the second quarter. Declining short-cycle activity levels in Latin America are also anticipated to have contributed to the same. Furthermore, a decline in the North American rig count compared to the previous quarter might have further affected SLB’s performance in the to-be-reported quarter.
These factors are anticipated to have affected demand and pricing dynamics, potentially hampering SLB’s quarterly performance.
Earnings Whispers for SLB Stock
Our proven model does not indicate an earnings beat for SLB this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you can see below.
SLB’s Earnings ESP: SLB has an Earnings ESP of -2.15%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
SLB’s Zacks Rank: SLB currently carries a Zacks Rank #5 (Strong Sell).
Stocks to Consider
Here are some stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.
Flotek is scheduled to release second-quarter earnings on Aug. 5. The Zacks Consensus Estimate for FTK’s earnings is pegged at 13 cents per share, suggesting a 116.7% increase from the prior-year reported figure.
BP plc (BP - Free Report) currently has an Earnings ESP of +2.19% and a Zacks Rank #3.
BP is scheduled to release second-quarter earnings on Aug. 5. The Zacks Consensus Estimate for BP’s earnings is pegged at 65 cents per share, suggesting a 35% decrease from the prior-year reported figure.
EOG Resources, Inc. (EOG - Free Report) currently has an Earnings ESP of +2.61% and a Zacks Rank #3.
EOG Resources is scheduled to release second-quarter earnings on Aug. 7. The Zacks Consensus Estimate for EOG’s earnings is pegged at $2.14 per share, suggesting a 32.3% decline from the prior-year reported figure.
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SLB Poised to Report Q2 Earnings: Here's What You Need to Know
Key Takeaways
SLB (SLB - Free Report) is set to report second-quarter 2025 results on July 18, before the market opens.
In the last reported quarter, its adjusted earnings of 72 cents per share (excluding charges and credits) missed the Zacks Consensus Estimate of 74 cents, primarily due to weak drilling activity in Mexico, Saudi Arabia and offshore Africa. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
SLB’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed in one, delivering an average surprise of 0.8%. This is depicted in the graph below:
Schlumberger Limited Price and EPS Surprise
Schlumberger Limited price-eps-surprise | Schlumberger Limited Quote
SLB’s Estimate Trend
The Zacks Consensus Estimate for second-quarter earnings per share of 74 cents has witnessed five downward revisions and no upward revision in the past 30 days. The estimated figure suggests a decline of 14.1% from the prior-year reported number.
The Zacks Consensus Estimate for revenues of $8.5 billion indicates a 7.2% decrease from the year-ago recorded figure.
Factors to Consider Ahead of SLB’s Q2 Earnings
SLB is a leading oilfield service provider to upstream companies across the world. The global energy technology firm is anticipated to have sustained a stable performance in the second quarter, supported by growth in its Digital & Integration business segment. This unit offers a mix of products and solutions, integrated with artificial intelligence (AI) capabilities that support energy companies worldwide by driving efficiencies. SLB’s growth is likely to have been aided by the increased adoption of digital and AI solutions across the upstream and low-carbon energy value chain.
However, challenges are likely to have loomed due to subdued drilling activity levels, particularly in Saudi Arabia and Latin America. The demobilization of numerous rigs and a pause in operations at the Jafurah unconventional-gas field in Saudi Arabia are expected to have taken a hit on SLB’s financial performance in the second quarter. Declining short-cycle activity levels in Latin America are also anticipated to have contributed to the same. Furthermore, a decline in the North American rig count compared to the previous quarter might have further affected SLB’s performance in the to-be-reported quarter.
These factors are anticipated to have affected demand and pricing dynamics, potentially hampering SLB’s quarterly performance.
Earnings Whispers for SLB Stock
Our proven model does not indicate an earnings beat for SLB this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you can see below.
SLB’s Earnings ESP: SLB has an Earnings ESP of -2.15%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
SLB’s Zacks Rank: SLB currently carries a Zacks Rank #5 (Strong Sell).
Stocks to Consider
Here are some stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.
Flotek Industries Inc. (FTK - Free Report) currently has an Earnings ESP of +28.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Flotek is scheduled to release second-quarter earnings on Aug. 5. The Zacks Consensus Estimate for FTK’s earnings is pegged at 13 cents per share, suggesting a 116.7% increase from the prior-year reported figure.
BP plc (BP - Free Report) currently has an Earnings ESP of +2.19% and a Zacks Rank #3.
BP is scheduled to release second-quarter earnings on Aug. 5. The Zacks Consensus Estimate for BP’s earnings is pegged at 65 cents per share, suggesting a 35% decrease from the prior-year reported figure.
EOG Resources, Inc. (EOG - Free Report) currently has an Earnings ESP of +2.61% and a Zacks Rank #3.
EOG Resources is scheduled to release second-quarter earnings on Aug. 7. The Zacks Consensus Estimate for EOG’s earnings is pegged at $2.14 per share, suggesting a 32.3% decline from the prior-year reported figure.