SLB to Report Earnings Friday With Revenue Expected to Decline 7.6%

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

Oilfield services provider SLB will report earnings this Friday before market hours. Analysts expect revenue to decline 7.6% year on year, a further deceleration from the 5.8% decrease recorded in the same quarter last year. The company beat revenue expectations last quarter with $8.72 billion, though that was down 6.3% year on year. Peers in the oilfield services segment have already reported, with Oceaneering delivering 10% revenue growth and Halliburton posting a 3.7% increase, both topping estimates. SLB's stock price was unchanged over the last month, while the segment's average share price rose 5.2%, and it heads into earnings with an average analyst price target of $60.93 compared to the current share price of $47.73.

Impact on stocks 4

Energy± Mixed · 2 stocks
SLB N.V.
0SCL
▼ NegativeCapitalrelevance

SLB N.V. is the same entity as Schlumberger NV; expected revenue decline of 7.6% and stock underperformance.

Halliburton Company
HAL
▲ PositiveDemandrelevance

Halliburton reported 3.7% revenue growth, topping estimates, indicating stronger demand for its services.

Energy Transition & Power Demand± Mixed · 2 stocks
Schlumberger NV
SLB
▼ NegativeCapitalrelevance

SLB is expected to report a 7.6% revenue decline, a further deceleration, and its stock underperformed peers.

Oceaneering International Inc
OII
▲ PositiveDemandrelevance

Oceaneering delivered 10% revenue growth, topping estimates, indicating stronger demand for its services.

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