We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SLB (SLB) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
In the latest close session, SLB (SLB - Free Report) was down 3.15% at $49.87. The stock's performance was behind the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
Shares of the world's largest oilfield services company witnessed a loss of 14.33% over the previous month, trailing the performance of the Business Services sector with its loss of 5.31%, and the S&P 500's loss of 0.24%.
Market participants will be closely following the financial results of SLB in its upcoming release. The company is expected to report EPS of $0.62, down 10.14% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $9.29 billion, indicating a 4.04% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.49 per share and a revenue of $37.08 billion, representing changes of -15.02% and +3.83%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SLB. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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, the Zacks Consensus EPS estimate has moved 0.29% lower. SLB currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, SLB is currently exchanging hands at a Forward P/E ratio of 20.64. Its industry sports an average Forward P/E of 16.14, so one might conclude that SLB is trading at a premium comparatively.
Meanwhile, SLB's PEG ratio is currently 2.94. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Technology Services industry stood at 1.23 at the close of the market yesterday.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 182, finds itself in the bottom 27% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
View the Zacks #1 Rank List
Image: Bigstock
SLB (SLB) Dips More Than Broader Market: What You Should Know
In the latest close session, SLB (SLB - Free Report) was down 3.15% at $49.87. The stock's performance was behind the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
Shares of the world's largest oilfield services company witnessed a loss of 14.33% over the previous month, trailing the performance of the Business Services sector with its loss of 5.31%, and the S&P 500's loss of 0.24%.
Market participants will be closely following the financial results of SLB in its upcoming release. The company is expected to report EPS of $0.62, down 10.14% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $9.29 billion, indicating a 4.04% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.49 per share and a revenue of $37.08 billion, representing changes of -15.02% and +3.83%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SLB. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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, the Zacks Consensus EPS estimate has moved 0.29% lower. SLB currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, SLB is currently exchanging hands at a Forward P/E ratio of 20.64. Its industry sports an average Forward P/E of 16.14, so one might conclude that SLB is trading at a premium comparatively.
Meanwhile, SLB's PEG ratio is currently 2.94. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Technology Services industry stood at 1.23 at the close of the market yesterday.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 182, finds itself in the bottom 27% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.