Schlumberger’s upcoming earnings report is set to reveal important insights beyond just the numbers
But here’s the kicker: over the last month, analysts have actually lowered their earnings estimates by about 12.8%. This shows they’ve been adjusting their expectations based on new info. It’s always a good idea to keep an eye on these revisions because they can really influence how investors react to the stock.
Now, while most folks look at the overall earnings and revenue numbers, digging into specific metrics can give you a clearer picture. For instance, the revenue from Digital & Integration is expected to hit $1.15 billion, which is a solid 9.3% increase from last year.
When it comes to Reservoir Performance, analysts are predicting $1.82 billion, a 5% rise. Production Systems is expected to bring in $3.13 billion, up 6.4%. However, Well Construction might see a dip, with estimates around $3.25 billion, down 5.2%.
Looking at geographical revenue, North America is expected to stay flat at $1.64 billion, while the Middle East and Asia could see a nice 7.2% increase to $3.37 billion. Europe and Africa are projected to bring in $2.48 billion, up 2.2%, but Latin America might drop slightly to $1.69 billion, down 1.9%.
As for income before taxes, Digital & Integration is expected to reach $409.16 million, up from $356 million last year. Reservoir Performance might see a slight drop to $361.81 million, down from $371 million. Production Systems is looking good at $519.82 million, up from $442 million, while Well Construction is expected to drop to $683.47 million from $770 million.
In the past month, Schlumberger’s shares have gone up by 8.9%, which is better than the S&P 500’s drop of 3.3%. However, with a Zacks Rank of #5, it’s not looking great for the near future. If you’re curious about other stocks, Zacks has a list of top picks you might want to check out.
