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SLB (SLB) Stock Dips While Market Gains: Key Facts
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SLB (SLB - Free Report) closed at $50.03 in the latest trading session, marking a -2.65% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.72% for the day. Meanwhile, the Dow gained 0.48%, and the Nasdaq, a tech-heavy index, added 1.16%.
Shares of the world's largest oilfield services company have appreciated by 5.78% over the course of the past month, outperforming the Business Services sector's loss of 5.71%, and the S&P 500's loss of 4.99%.
The investment community will be closely monitoring the performance of SLB in its forthcoming earnings report. The company is scheduled to release its earnings on April 24, 2026. In that report, analysts expect SLB to post earnings of $0.6 per share. This would mark a year-over-year decline of 16.67%. Simultaneously, our latest consensus estimate expects the revenue to be $8.82 billion, showing a 3.84% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.85 per share and revenue of $37 billion, which would represent changes of -2.73% and +3.61%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for SLB. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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 2.46% downward. SLB is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, SLB currently has a Forward P/E ratio of 18.02. This valuation marks a premium compared to its industry average Forward P/E of 16.25.
Investors should also note that SLB has a PEG ratio of 3.66 right now. 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. The Technology Services was holding an average PEG ratio of 1.25 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 190, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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SLB (SLB) Stock Dips While Market Gains: Key Facts
SLB (SLB - Free Report) closed at $50.03 in the latest trading session, marking a -2.65% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.72% for the day. Meanwhile, the Dow gained 0.48%, and the Nasdaq, a tech-heavy index, added 1.16%.
Shares of the world's largest oilfield services company have appreciated by 5.78% over the course of the past month, outperforming the Business Services sector's loss of 5.71%, and the S&P 500's loss of 4.99%.
The investment community will be closely monitoring the performance of SLB in its forthcoming earnings report. The company is scheduled to release its earnings on April 24, 2026. In that report, analysts expect SLB to post earnings of $0.6 per share. This would mark a year-over-year decline of 16.67%. Simultaneously, our latest consensus estimate expects the revenue to be $8.82 billion, showing a 3.84% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.85 per share and revenue of $37 billion, which would represent changes of -2.73% and +3.61%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for SLB. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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 2.46% downward. SLB is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, SLB currently has a Forward P/E ratio of 18.02. This valuation marks a premium compared to its industry average Forward P/E of 16.25.
Investors should also note that SLB has a PEG ratio of 3.66 right now. 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. The Technology Services was holding an average PEG ratio of 1.25 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 190, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.