Schlumberger (SLB) Outpaces Stock Market Gains: What You Should Know
Schlumberger (SLB) closed the most recent trading day at $28.45, moving +0.82% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.22%.
Coming into today, shares of the world's largest oilfield services company had lost 3.29% in the past month. In that same time, the Oils-Energy sector gained 1.42%, while the S&P 500 gained 1.86%.
SLB will be looking to display strength as it nears its next earnings release. In that report, analysts expect SLB to post earnings of $0.35 per share. This would mark year-over-year growth of 118.75%. Meanwhile, our latest consensus estimate is calling for revenue of $5.92 billion, up 12.56% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.25 per share and revenue of $22.92 billion, which would represent changes of +83.82% and -2.88%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for SLB. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 7.48% higher within the past month. SLB currently has a Zacks Rank of #2 (Buy).
Digging into valuation, SLB currently has a Forward P/E ratio of 22.67. This represents a discount compared to its industry's average Forward P/E of 29.27.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 225, which puts it in the bottom 12% 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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