Schlumberger (SLB), Dips More than Broader Markets
You Should Be Aware

Schlumberger (SLB), Dips More than Broader Markets You Should Be Aware

Schlumberger (SLB), Dips More than Broader Markets
You Should Be Aware

Schlumberger (SLB), closed at $28.04 during the most recent trading session. This is a decrease of -0.85% from the previous day.

Grow Your Business,
This is not your inbox

Keep up to date and sign up for our daily newsletter!

Read for 3 minutes

This story originally appeared on Zacks

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.

Zacks is a must-have tool. You can follow these and other stock-moving metrics at Zacks.com during the next trading session.

Bitcoin could change everything, just like the internet itself.

One of the most interesting topics in a generation is blockchain and cryptocurrency. It is often called the “Internet of Money”, and many predict that it will revolutionize the way we view money. It could be the internet of money for banks, just as Netflix and Amazon did for Blockbuster or Sears. Experts are unanimous in their belief that this technology is still very early and will grow rapidly, creating many investment opportunities.

Zacks has revealed three companies that will help investors profit from the huge profits potential of Bitcoin, and other cryptocurrency with much less volatility than purchasing them direct.

Check out these 3 stocks that are crypto-related now

Get the most recent Zacks Investment Research recommendations. Download 7 best stocks for the next 30 days today from Zacks Investment Research Click to get this free report

Schlumberger Limited (SLB): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Publiated at 02:27:58, Wed. 01 Sep 2021 00:27:58 +0000

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.