Schlumberger (SLB) to Release Earnings on Friday
Schlumberger (NYSE:SLB) is scheduled to release its earnings data on Friday, January 17th. Parties interested in registering for the company’s conference call can do so using this link.
Schlumberger (NYSE:SLB) last announced its earnings results on Friday, October 18th. The company reported $1.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.24 by $0.05. The company had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.58 billion. During the same quarter last year, the company posted $1.08 earnings per share. Schlumberger’s revenue was up 10.6% compared to the same quarter last year. On average, analysts expect Schlumberger to post $4.79 EPS for the current fiscal year and $5.80 EPS for the next fiscal year.
Shares of Schlumberger (NYSE:SLB) opened at 88.89 on Thursday. Schlumberger has a 52 week low of $69.08 and a 52 week high of $94.91. The stock’s 50-day moving average is $87.74 and its 200-day moving average is $86.35. The company has a market cap of $117.1 billion and a price-to-earnings ratio of 18.48.
Several analysts have recently commented on the stock. Analysts at Iberia Capital downgraded shares of Schlumberger from an “outperform” rating to a “sector perform” rating in a research note to investors on Friday, January 10th. On the ratings front, analysts at Cowen and Company cut their price target on shares of Schlumberger from $116.00 to $105.00 in a research note to investors on Tuesday, January 7th. They now have an “outperform” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Schlumberger in a research note to investors on Sunday, January 5th. Four equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $104.20.
Schlumberger Limited (NYSE:SLB) is the supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry.
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