Sohini Mondal
2 min read
In This Article:
Valued at a market cap of $46.3 billion, Schlumberger Limited (SLB) is a global technology company that provides technology for the energy industry. Based in Houston, Texas, the company operates through Digital & Integration, Reservoir Performance, Well Construction, and Production Systems segments. The oilfield services company is expected to release its Q2 2025 earnings before the market opens on Friday, Jul. 18.
Ahead of this event, analysts expect Schlumberger to post adjusted earnings of $0.75 per share, down 11.8% from $0.85 per share reported in the same quarter last year. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on another occasion.
-
Holiday Trading, Trade Negotiations and Other Key Things to Watch this Week
-
Jeff Bezos Unloads $5.4B in Amazon Shares: Should You Buy or Sell AMZN Stock Now?
For fiscal 2025, analysts expect SLB to report an adjusted EPS of $3.07, a decline of nearly 10% from $3.41 in fiscal 2024. However, its earnings are expected to further grow 4.6% year-over-year to $3.21 in fiscal 2026.
Shares of SLB have declined 27.7% over the past 52 weeks, lagging behind the S&P 500 Index's ($SPX) 12.6% gain and the Energy Select Sector SPDR Fund's (XLE) 6.1% dip during the same period.
SLB stock fell 1.2% after its disappointing Q1 2025 results on Apr. 25. The company reported revenue of $8.5 billion, down 2.5% year-over-year, missing Street expectations. Adjusted EBITDA of $2 billion decreased 1.8% year-over-year with an adjusted EBITDA margin of 23.8%. Its adjusted EPS declined 4% from the prior-year quarter to $0.72 and fell short of analysts’ estimates by 2.7%.
Furthermore, analysts' consensus view on Schlumberger is bullish, with an overall "Strong Buy" rating. Among 24 analysts covering the stock, 16 suggest a "Strong Buy," four give a "Moderate Buy," and four recommend a "Hold” rating. As of writing, SLB is trading below the mean price target of $47.63.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com