Schlumberger (NYSE: SLB) unveils its next
round of earnings Friday. Get prepared with Benzinga's ultimate preview for Schlumberger's Q3 earnings.
Earnings and Revenue
Analysts covering Schlumberger modeled for quarterly EPS of 46 cents on revenue of $8.6 billion.
Schlumberger earnings in the same period a year ago was 42 cents. Quarterly sales came in at $7.91 billion. If the company were
to match the consensus estimate, earnings would be up 9.52 percent. Revenue would be have grown 8.79 percent from the same quarter
last year. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter |
Q2 2018 |
Q1 2018 |
Q4 2017 |
Q3 2017 |
| EPS Estimate |
0.43 |
0.37 |
0.45 |
0.42 |
| EPS Actual |
0.43 |
0.38 |
0.48 |
0.42 |
Stock Performance
Over the past 52-week period, shares of Schlumberger have declined 11.32 percent. Given that these returns are generally
negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already
enjoying 12-month gains prior to the announcement.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The popular rating by analysts on
Schlumberger stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Schlumberger is scheduled to hold a conference call at 8:30 a.m. ET and it can be accessed here: http://investorcenter.slb.com/phoenix.zhtml?p=irol-eventDetails&c=97513&eventID=5274825
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