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) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
SLB (SLB - Free Report) closed the most recent trading day at $49.46, moving +2.24% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.09%. Meanwhile, the Dow experienced a drop of 0.34%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
The world's largest oilfield services company's stock has dropped by 7.12% in the past month, falling short of the Business Services sector's gain of 1.51% and the S&P 500's gain of 2.44%.
Analysts and investors alike will be keeping a close eye on the performance of SLB in its upcoming earnings disclosure. The company's earnings report is set to go public on October 23, 2026. 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. Simultaneously, our latest consensus estimate expects the revenue to be $9.29 billion, showing a 4.04% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.48 per share and a revenue of $37.04 billion, demonstrating changes of -15.36% and +3.73%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for SLB. These revisions help to show the ever-changing nature of near-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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.73% lower. SLB is currently a Zacks Rank #3 (Hold).
Looking at its valuation, SLB is holding a Forward P/E ratio of 19.48. Its industry sports an average Forward P/E of 15.59, so one might conclude that SLB is trading at a premium comparatively.
Meanwhile, SLB's PEG ratio is currently 2.66. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Technology Services industry held an average PEG ratio of 1.22.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 90, placing it within the top 37% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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
Image: Bigstock
SLB (SLB) Gains As Market Dips: What You Should Know
SLB (SLB - Free Report) closed the most recent trading day at $49.46, moving +2.24% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.09%. Meanwhile, the Dow experienced a drop of 0.34%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
The world's largest oilfield services company's stock has dropped by 7.12% in the past month, falling short of the Business Services sector's gain of 1.51% and the S&P 500's gain of 2.44%.
Analysts and investors alike will be keeping a close eye on the performance of SLB in its upcoming earnings disclosure. The company's earnings report is set to go public on October 23, 2026. 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. Simultaneously, our latest consensus estimate expects the revenue to be $9.29 billion, showing a 4.04% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.48 per share and a revenue of $37.04 billion, demonstrating changes of -15.36% and +3.73%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for SLB. These revisions help to show the ever-changing nature of near-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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.73% lower. SLB is currently a Zacks Rank #3 (Hold).
Looking at its valuation, SLB is holding a Forward P/E ratio of 19.48. Its industry sports an average Forward P/E of 15.59, so one might conclude that SLB is trading at a premium comparatively.
Meanwhile, SLB's PEG ratio is currently 2.66. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Technology Services industry held an average PEG ratio of 1.22.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 90, placing it within the top 37% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.