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SLB (SLB) Stock Dips While Market Gains: Key Facts
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SLB (SLB - Free Report) ended the recent trading session at $51.12, demonstrating a -1.84% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.17%. Elsewhere, the Dow saw a downswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.4%.
Shares of the world's largest oilfield services company witnessed a loss of 2.75% over the previous month, beating the performance of the Business Services sector with its loss of 3.68%, and underperforming the S&P 500's loss of 1.29%.
Analysts and investors alike will be keeping a close eye on the performance of SLB in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.62, marking a 10.14% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $9.29 billion, up 4.04% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.5 per share and a revenue of $37.11 billion, indicating changes of -14.68% and +3.93%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for SLB. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.04% decrease. SLB currently has a Zacks Rank of #3 (Hold).
In terms of valuation, SLB is currently trading at a Forward P/E ratio of 20.82. This expresses a premium compared to the average Forward P/E of 17.84 of its industry.
One should further note that SLB currently holds a PEG ratio of 2.96. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Technology Services industry was having an average PEG ratio of 1.22.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 153, finds itself in the bottom 38% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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SLB (SLB) Stock Dips While Market Gains: Key Facts
SLB (SLB - Free Report) ended the recent trading session at $51.12, demonstrating a -1.84% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.17%. Elsewhere, the Dow saw a downswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.4%.
Shares of the world's largest oilfield services company witnessed a loss of 2.75% over the previous month, beating the performance of the Business Services sector with its loss of 3.68%, and underperforming the S&P 500's loss of 1.29%.
Analysts and investors alike will be keeping a close eye on the performance of SLB in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.62, marking a 10.14% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $9.29 billion, up 4.04% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.5 per share and a revenue of $37.11 billion, indicating changes of -14.68% and +3.93%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for SLB. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.04% decrease. SLB currently has a Zacks Rank of #3 (Hold).
In terms of valuation, SLB is currently trading at a Forward P/E ratio of 20.82. This expresses a premium compared to the average Forward P/E of 17.84 of its industry.
One should further note that SLB currently holds a PEG ratio of 2.96. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Technology Services industry was having an average PEG ratio of 1.22.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 153, finds itself in the bottom 38% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.