Analysts Estimate Schlumberger (SLB) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Schlumberger due to lower revenues, with the actual results being crucial for near-term stock price movements [1][2]. Earnings Expectations - Schlumberger is expected to report quarterly earnings of $0.74 per share, reflecting a year-over-year decrease of 12.9% [3]. - Revenues are projected to be $8.48 billion, down 7.2% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 2.86% lower in the last 30 days, indicating a bearish sentiment among analysts [4]. - The Most Accurate Estimate for Schlumberger is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.26% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation from the consensus estimate, with positive readings being more predictive of earnings beats [9][10]. - Schlumberger currently holds a Zacks Rank of 5, complicating predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, Schlumberger was expected to earn $0.74 per share but delivered $0.72, resulting in a surprise of -2.70% [13]. - Over the past four quarters, Schlumberger has beaten consensus EPS estimates three times [14]. Conclusion - Schlumberger does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock ahead of the earnings release [17].