We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Earnings Beat: World’s No. 1 oilfield-services company Schlumberger Limited (SLB - Free Report) reported second quarter income per share from continuing operation (excluding charges and credits) of 43 cents, beating the Zacks Consensus Estimate of 42 cents.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has seen one upward but no downward movement in the last seven days.
Nonetheless, Schlumberger have an impressive earnings surprise history. Before posting in line Q2 earnings, the company delivered positive surprises in all of the prior four quarters. Overall, the company has a positive earnings surprise of 6.4% in the trailing four quarters.
Revenues: Schlumberger posted revenues of $8,303 million, failing to beat the Zacks Consensus Estimate of $8,337 million. However, it compared favorably with the year-ago number of $7,462 million.
Key Stats: Pre-tax operating income from Reservoir Characterization segment was $350 million, up 17% year over year. Moreover, Drilling Group contributed income of $289 million, down 4% year over year. Also, income from Production Group jumped 43% to $316 million. Income from Cameron Group plunged 5% to $166 million.
Zacks Rank: Currently, Schlumberger carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
Check back later for our full write up on this Schlumberger earnings report later!
Will You Make a Fortune on the Shift to Electric Cars? Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Schlumberger (SLB) Q2 Earnings Beat, Revenues Lag
Earnings Beat: World’s No. 1 oilfield-services company Schlumberger Limited (SLB - Free Report) reported second quarter income per share from continuing operation (excluding charges and credits) of 43 cents, beating the Zacks Consensus Estimate of 42 cents.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has seen one upward but no downward movement in the last seven days.
Schlumberger Limited Price and EPS Surprise
Schlumberger Limited Price and EPS Surprise | Schlumberger Limited Quote
Nonetheless, Schlumberger have an impressive earnings surprise history. Before posting in line Q2 earnings, the company delivered positive surprises in all of the prior four quarters. Overall, the company has a positive earnings surprise of 6.4% in the trailing four quarters.
Revenues: Schlumberger posted revenues of $8,303 million, failing to beat the Zacks Consensus Estimate of $8,337 million. However, it compared favorably with the year-ago number of $7,462 million.
Key Stats: Pre-tax operating income from Reservoir Characterization segment was $350 million, up 17% year over year. Moreover, Drilling Group contributed income of $289 million, down 4% year over year. Also, income from Production Group jumped 43% to $316 million. Income from Cameron Group plunged 5% to $166 million.
Zacks Rank: Currently, Schlumberger carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
(You can see the complete list of today’s Zacks #1 Rank stocks here.)
Check back later for our full write up on this Schlumberger earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>