Investors are always looking for stocks that are poised to beat at earnings season and Schlumberger Limited (SLB) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Schlumbergeris seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty go ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Schlumberger (SLB) , which belongs to the Zacks Oil and Gas - Field Services industry.When looking at the last two reports, this world's largest oilfield services company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 1.84%, on average, in the last two quarters.For the last reported quarter, Schlumberger cam ...

CHINA - 2023/02/15: In this photo illustration, the world's largest offshore drilling company ... [+] Schlumberger (SLB) logo is seen displayed on a smartphone with an economic stock exchange index graph in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesSLB’s stock (NYSE: SLB), formerly known as Schlumberger, which provides oil field services including drilling, completion, and production solutions to upstream oil & gas ...

The latest trading session saw Schlumberger (SLB) ending at $54, denoting a -0.37% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.74% for the day. Elsewhere, the Dow saw a downswing of 0.01%, while the tech-heavy Nasdaq appreciated by 1.68%.The world's largest oilfield services company's shares have seen an increase of 3.1% over the last month, not keeping up with the Oils-Energy sector's gain of 8.96% and outstripping the S&P 500's gain of 0.8%.The u ...

ChampionX (NASDAQ:CHX) stock is a hot topic among traders on Tuesday after the oil and gas technology company announced that it is being acquired by SLB (NYSE:SLB)!A press release reveals that investors in ChampionX will receive 0.735 shares of SLB stock for each share of CHX stock that they own. Following this, CHX investors will hold a 9% stake in SLB.The merger also includes annual synergies of $400 million within the first three years of its completion. In addition to this, SLB has pledged to return $7 ...

ChampionX Corp (NASDAQ: CHX) is in focus today after Schlumberger NV (NYSE: SLB) said it will buy the oilfield technology company for $7.75 billion.$SLB deal values ChampionX stock at 14% premium Copy link to section The all-stock deal values each share of ChampionX at $40.59 – a more than 14% premium on their previous close. $SLB is convinced the acquisition will deliver about $400 million in annual pre-tax savings in the first three years. Olivier Le Peuch – its chief executive said in a press release on ...

In the latest trading session, Schlumberger (SLB) closed at $55.22, marking a +0.75% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.2%. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw an increase of 0.11%.The world's largest oilfield services company's stock has climbed by 11.06% in the past month, exceeding the Oils-Energy sector's gain of 7.33% and the S&P 500's gain of 3.32%.Analysts and investors alike will be kee ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Schlumberger (SLB) .Schlumberger currently has an average brokerage recomm ...

Stock Performance - Schlumberger (SLB) closed at $54 48, marking a +1 97% increase from the prior day, outperforming the S&P 500's gain of 0 57%, the Dow's gain of 0 83%, and the Nasdaq's gain of 0 39% [1] - Over the past month, Schlumberger's shares gained 10 01%, outpacing the Oils-Energy sector's gain of 4 48% and the S&P 500's gain of 2 97% [1] Earnings and Revenue Projections - Schlumberger is projected to report earnings of $0 75 per share in its upcoming release, representing a year-over-year growth of 19 05% [1] - The Zacks Consensus Estimate for revenue is $8 67 billion, up 12 06% from the year-ago period [1] - For the entire fiscal year, earnings are projected at $3 54 per share, with revenue of $37 29 billion, representing year-over-year growth of +18 79% and +12 54%, respectively [2] Analyst Estimates and Stock Price Performance - Recent changes to analyst estimates for Schlumberger reflect short-term business dynamics, with upbeat changes indicating a favorable outlook on the company's business health and profitability [2] - Estimate alterations are directly linked to stock price performance in the near future, and investors can use the Zacks Rank to capitalize on these changes [2] Valuation Metrics - Schlumberger has a Forward P/E ratio of 15 09, which is a discount compared to the industry average of 16 13 [3] - The company's PEG ratio is 0 96, slightly higher than the industry average of 0 94, indicating a favorable earnings growth trajectory [3] Industry Overview - The Oil and Gas - Field Services industry, part of the Oils-Energy sector, currently has a Zacks Industry Rank of 157, placing it in the bottom 38% of over 250 industries [4] - The Zacks Industry Rank shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

Schlumberger (SLB) ended the recent trading session at $53.43, demonstrating a +1.06% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.63%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq increased by 0.82%.Shares of the world's largest oilfield services company have appreciated by 8.85% over the course of the past month, outperforming the Oils-Energy sector's gain of 4.4% and the S&P 500's gain of 1. ...