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Schlumberger (SLB) Declines More Than Market: Some Information for Investors
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Schlumberger (SLB - Free Report) closed the most recent trading day at $35.90, moving -2.55% from the previous trading session. This change lagged the S&P 500's 0.69% loss on the day. Meanwhile, the Dow experienced a drop of 0.55%, and the technology-dominated Nasdaq saw a decrease of 0.82%.
Coming into today, shares of the world's largest oilfield services company had gained 12.04% in the past month. In that same time, the Oils-Energy sector gained 3.08%, while the S&P 500 gained 3.79%.
Market participants will be closely following the financial results of Schlumberger in its upcoming release. The company is expected to report EPS of $0.68, down 23.6% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $8.98 billion, showing a 1.96% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.88 per share and a revenue of $35.51 billion, representing changes of -15.54% and -2.16%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Schlumberger. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Schlumberger possesses a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Schlumberger is presently trading at a Forward P/E ratio of 12.78. This valuation marks a discount compared to its industry average Forward P/E of 16.44.
Investors should also note that SLB has a PEG ratio of 10.22 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Oil and Gas - Field Services industry had an average PEG ratio of 2.07.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 226, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Declines More Than Market: Some Information for Investors
Schlumberger (SLB - Free Report) closed the most recent trading day at $35.90, moving -2.55% from the previous trading session. This change lagged the S&P 500's 0.69% loss on the day. Meanwhile, the Dow experienced a drop of 0.55%, and the technology-dominated Nasdaq saw a decrease of 0.82%.
Coming into today, shares of the world's largest oilfield services company had gained 12.04% in the past month. In that same time, the Oils-Energy sector gained 3.08%, while the S&P 500 gained 3.79%.
Market participants will be closely following the financial results of Schlumberger in its upcoming release. The company is expected to report EPS of $0.68, down 23.6% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $8.98 billion, showing a 1.96% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.88 per share and a revenue of $35.51 billion, representing changes of -15.54% and -2.16%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Schlumberger. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Schlumberger possesses a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Schlumberger is presently trading at a Forward P/E ratio of 12.78. This valuation marks a discount compared to its industry average Forward P/E of 16.44.
Investors should also note that SLB has a PEG ratio of 10.22 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Oil and Gas - Field Services industry had an average PEG ratio of 2.07.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 226, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.