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Schlumberger Fourth Quarter Earnings Preview

S&P 500 component Schlumberger, Limited will unveil its latest earnings on Friday, January 20, 2012. Schlumberger is a global oilfield services company. Through its subsidiaries, it supplies technology, integrated project management and information solutions to consumers in the oil and gas industry.

Schlumberger, Limited Earnings Preview Cheat Sheet .

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.10 per share, a rise of 29.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.19. Between one and three months ago, the average estimate moved down. It also has dropped from $1.12 during the last month. Analysts are projecting profit to rise by 27.6% versus last year to $3.65.

Past Earnings Performance: Last quarter, the company fell short of estimates by 2 cents, coming in at net income of 98 cents per share against a mean estimate of profit of $1.01. The company topped expectations in the second quarter.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 19.1% in revenue from the year-earlier quarter to $10.8 billion.

Analyst Ratings: Analysts are bullish on this stock with 23 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the third quarter, profit fell 25% to $1.3 billion (96 cents a share) from $1.73 billion ($1.38 a share) the year earlier, missing analyst expectations. Revenue rose 49.4% to $10.23 billion from $6.84 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 56.3%, with the biggest boost coming in the second quarter when revenue rose 62.1% from the year earlier quarter.

The decrease in profit in the third quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 63.7% in the second quarter, 40.5% in the first quarter and 31% in the fourth quarter of the last fiscal year.

Competitors to Watch: Halliburton Company , Weatherford Intl. Ltd. , Baker Hughes Incorporated , National-Oilwell Varco, Inc. , Allis-Chalmers Energy Inc. , Complete Production Services, Inc. , Petroleum Geo-Services ASA (PGSVY), TETRA Technologies, Inc. , and Recon Technology, Ltd. .

Stock Price Performance: During November 15, 2011 to January 13, 2012, the stock price had fallen $7.71 (-10.2%) from $75.70 to $67.99. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 7, 2011 when shares rose for eight-straight days, rising 12.1% (+$9.69) over that span. It saw one of its worst periods between July 25, 2011 and August 4, 2011 when shares fell for nine-straight days, falling 14.7% (-$13.81) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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