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SLB (SLB) Stock Falls Amid Market Uptick: What Investors Need to Know
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SLB (SLB - Free Report) closed the most recent trading day at $53.29, moving -1.31% from the previous trading session. This change lagged the S&P 500's 0.32% gain on the day. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 0.66%.
Heading into today, shares of the world's largest oilfield services company had gained 4.79% over the past month, outpacing the Business Services sector's gain of 4.23% and the S&P 500's gain of 3.34%.
Analysts and investors alike will be keeping a close eye on the performance of SLB in its upcoming earnings disclosure. In that report, analysts expect SLB to post earnings of $0.62 per share. This would mark a year-over-year decline of 10.14%. Our most recent consensus estimate is calling for quarterly revenue of $9.29 billion, up 4.04% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.5 per share and a revenue of $37.11 billion, representing changes of -14.68% and +3.93%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SLB. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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 last 30 days, the Zacks Consensus EPS estimate has moved 0.22% higher. SLB is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that SLB has a Forward P/E ratio of 21.58 right now. For comparison, its industry has an average Forward P/E of 18.19, which means SLB is trading at a premium to the group.
It's also important to note that SLB currently trades at a PEG ratio of 3.56. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Technology Services was holding an average PEG ratio of 1.37 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 166, putting it in the bottom 33% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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SLB (SLB) Stock Falls Amid Market Uptick: What Investors Need to Know
SLB (SLB - Free Report) closed the most recent trading day at $53.29, moving -1.31% from the previous trading session. This change lagged the S&P 500's 0.32% gain on the day. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 0.66%.
Heading into today, shares of the world's largest oilfield services company had gained 4.79% over the past month, outpacing the Business Services sector's gain of 4.23% and the S&P 500's gain of 3.34%.
Analysts and investors alike will be keeping a close eye on the performance of SLB in its upcoming earnings disclosure. In that report, analysts expect SLB to post earnings of $0.62 per share. This would mark a year-over-year decline of 10.14%. Our most recent consensus estimate is calling for quarterly revenue of $9.29 billion, up 4.04% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.5 per share and a revenue of $37.11 billion, representing changes of -14.68% and +3.93%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SLB. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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 last 30 days, the Zacks Consensus EPS estimate has moved 0.22% higher. SLB is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that SLB has a Forward P/E ratio of 21.58 right now. For comparison, its industry has an average Forward P/E of 18.19, which means SLB is trading at a premium to the group.
It's also important to note that SLB currently trades at a PEG ratio of 3.56. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Technology Services was holding an average PEG ratio of 1.37 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 166, putting it in the bottom 33% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.