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Schlumberger (SLB) Stock Sinks As Market Gains: What You Should Know
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Schlumberger (SLB - Free Report) closed at $33.92 in the latest trading session, marking a -1.48% move from the prior day. This change lagged the S&P 500's daily gain of 0.44%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 0.7%.
Shares of the world's largest oilfield services company have depreciated by 3.31% over the course of the past month, underperforming the Oils-Energy sector's gain of 3.62%, and the S&P 500's gain of 4.03%.
The investment community will be closely monitoring the performance of Schlumberger in its forthcoming earnings report. The company is expected to report EPS of $0.68, down 23.6% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $8.95 billion, indicating a 2.25% downward movement from the same quarter last year.
SLB's full-year Zacks Consensus Estimates are calling for earnings of $2.88 per share and revenue of $35.5 billion. These results would represent year-over-year changes of -15.54% and -2.19%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Schlumberger. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.05% fall in the Zacks Consensus EPS estimate. Right now, Schlumberger possesses a Zacks Rank of #4 (Sell).
In terms of valuation, Schlumberger is currently trading at a Forward P/E ratio of 11.95. This denotes a discount relative to the industry average Forward P/E of 16.63.
Also, we should mention that SLB has a PEG ratio of 9.56. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Oil and Gas - Field Services industry held an average PEG ratio of 1.74.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SLB in the coming trading sessions, be sure to utilize Zacks.com.
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Schlumberger (SLB) Stock Sinks As Market Gains: What You Should Know
Schlumberger (SLB - Free Report) closed at $33.92 in the latest trading session, marking a -1.48% move from the prior day. This change lagged the S&P 500's daily gain of 0.44%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 0.7%.
Shares of the world's largest oilfield services company have depreciated by 3.31% over the course of the past month, underperforming the Oils-Energy sector's gain of 3.62%, and the S&P 500's gain of 4.03%.
The investment community will be closely monitoring the performance of Schlumberger in its forthcoming earnings report. The company is expected to report EPS of $0.68, down 23.6% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $8.95 billion, indicating a 2.25% downward movement from the same quarter last year.
SLB's full-year Zacks Consensus Estimates are calling for earnings of $2.88 per share and revenue of $35.5 billion. These results would represent year-over-year changes of -15.54% and -2.19%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Schlumberger. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.05% fall in the Zacks Consensus EPS estimate. Right now, Schlumberger possesses a Zacks Rank of #4 (Sell).
In terms of valuation, Schlumberger is currently trading at a Forward P/E ratio of 11.95. This denotes a discount relative to the industry average Forward P/E of 16.63.
Also, we should mention that SLB has a PEG ratio of 9.56. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Oil and Gas - Field Services industry held an average PEG ratio of 1.74.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SLB in the coming trading sessions, be sure to utilize Zacks.com.