Schlumberger (SLB) closed the most recent trading day at $39.62, moving +0.41% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.04%. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq gained 0.05%.
Coming into today, shares of the world's largest oilfield services company had gained 15.01% in the past month. In that same time, the Oils-Energy sector gained 1.63%, while the S&P 500 gained 2.48%.
SLB will be looking to display strength as it nears its next earnings release, which is expected to be January 17, 2020. On that day, SLB is projected to report earnings of $0.38 per share, which would represent year-over-year growth of 5.56%. Meanwhile, our latest consensus estimate is calling for revenue of $8.21 billion, up 0.4% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.46 per share and revenue of $32.91 billion, which would represent changes of -9.88% and +0.29%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SLB. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.07% lower. SLB is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note SLB's current valuation metrics, including its Forward P/E ratio of 26.98. Its industry sports an average Forward P/E of 23.82, so we one might conclude that SLB is trading at a premium comparatively.
Investors should also note that SLB has a PEG ratio of 3.98 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Field Services industry currently had an average PEG ratio of 2.86 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 238, putting it in the bottom 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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