Schlumberger (SLB) Dips More Than Broader Markets: What You Should Know
Schlumberger (SLB) closed at $28.04 in the latest trading session, marking a -0.85% move from the prior day. This move lagged the S&P 500's daily loss of 0.14%. Heading into today, shares of the world's largest oilfield services company had lost 0.77% over the past month, lagging the Oils-Energy sector's gain of 0.71% and the S&P 500's gain of 3.13% in that time. SLB will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.35, up 118.75% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $5.92 billion, up 12.56% from the year-ago period. SLB's full-year Zacks Consensus Estimates are calling for earnings of $1.25 per share and revenue of $22.92 billion. These results would represent year-over-year changes of +83.82% and -2.88%, respectively. It is also important to note the recent changes to analyst estimates for SLB. These revisions typically refl