Schlumberger (SLB), closed at $28.04 during the most recent trading session. This is a decrease of -0.85% from the previous day.
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Schlumberger (SLB), closed at $28.04 during the most recent trading session. This is a move of -0.85% from the previous day. The S&P 500 lost 0.14% daily due to this move.
Today’s closing bell saw shares of the largest oilfield service company in the world lose 0.77%. This was a lag of the Oils Energy sector’s gains of 0.71%, and the S&P 500 gain of 3.13%.
As it approaches its earnings releases, SLB will look to show strength. The expected earnings per share (EPS) of $0.35 will be reported by the company, an increase of 118.75% over the previous-year quarter. The most recent consensus estimate for the quarter is $5.92 Billion, an increase of 12.56% over the previous year.
SLB expects earnings to reach $1.25 per share, and revenues of $22.92 million in full-year Zacks Consensus estimates. This would be an increase of +83.82% and decreases in revenue by -2.88% respectively.
Noting the latest changes in analyst estimates for SLB is important as well. This revisions usually reflect short-term trends in business, which are subject to change often. Positive estimate revisions are a sign of optimism among analysts about the company’s future business prospects and profitability.
We believe that these revisions to estimates are related to stock moves by near-team stocks, based on our research. We have created the Zacks Rank to benefit from these changes. It is a proprietary model that takes into consideration estimate revisions and gives an actionable rating system.
Zacks Rank ranges between #1 (Strong Buy), to #5 (“Strong Sell”) The Zacks Rank system has an impressive, independent-audited record of success. Since 1988, #1 stocks have delivered an average annual return +25%. Our consensus EPS projections have moved by 1.43% in the last 30 days. SLB currently has a Zacks Rank #1 (Strong Buy).
SLB’s Forward P/E ratio is currently 22.72. Comparatively, the industry’s average Forward P/E is 29.81. This means that SLB trades at a discount to this group.
Oil and Gas – Field Services is part of Oils-Energy. This industry has a Zacks Industry Rank (Zacks Rank) of 222. It is among the top 13% in all 250+ industries.
Zacks Industries Rank measures the strength and diversity of industry groups. It is based on the Zacks Rank average of individual stocks in the group. Research shows that top-rated industries are rated higher than the bottom 50% by an average of two to one.
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Publiated at 02:27:58, Wed. 01 Sep 2021 00:27:58 +0000