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SLB (SLB) Suffers a Larger Drop Than the General Market: Key Insights
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SLB (SLB - Free Report) ended the recent trading session at $47.96, demonstrating a -4.08% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.22%. On the other hand, the Dow registered a loss of 0.66%, and the technology-centric Nasdaq decreased by 0.22%.
Shares of the world's largest oilfield services company have depreciated by 12.43% over the course of the past month, underperforming the Business Services sector's loss of 4.73%, and the S&P 500's gain of 1.4%.
Investors will be eagerly watching for the performance of SLB in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 23, 2026. The company is expected to report EPS of $0.62, down 10.14% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $9.29 billion, reflecting a 4.04% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.49 per share and a revenue of $37.08 billion, indicating changes of -15.02% and +3.83%, respectively, from the former year.
Any recent changes to analyst estimates for SLB should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.36% downward. SLB is currently a Zacks Rank #3 (Hold).
Looking at valuation, SLB is presently trading at a Forward P/E ratio of 20.07. This valuation marks a premium compared to its industry average Forward P/E of 15.73.
Investors should also note that SLB has a PEG ratio of 2.74 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Technology Services was holding an average PEG ratio of 1.22 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 174, putting it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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SLB (SLB) Suffers a Larger Drop Than the General Market: Key Insights
SLB (SLB - Free Report) ended the recent trading session at $47.96, demonstrating a -4.08% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.22%. On the other hand, the Dow registered a loss of 0.66%, and the technology-centric Nasdaq decreased by 0.22%.
Shares of the world's largest oilfield services company have depreciated by 12.43% over the course of the past month, underperforming the Business Services sector's loss of 4.73%, and the S&P 500's gain of 1.4%.
Investors will be eagerly watching for the performance of SLB in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 23, 2026. The company is expected to report EPS of $0.62, down 10.14% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $9.29 billion, reflecting a 4.04% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.49 per share and a revenue of $37.08 billion, indicating changes of -15.02% and +3.83%, respectively, from the former year.
Any recent changes to analyst estimates for SLB should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.36% downward. SLB is currently a Zacks Rank #3 (Hold).
Looking at valuation, SLB is presently trading at a Forward P/E ratio of 20.07. This valuation marks a premium compared to its industry average Forward P/E of 15.73.
Investors should also note that SLB has a PEG ratio of 2.74 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Technology Services was holding an average PEG ratio of 1.22 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 174, putting it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.