Schlumberger (SLB) Surpasses Q2 Earnings and Revenue Estimates

Company Performance - Schlumberger reported quarterly earnings of $0.74 per share, exceeding the Zacks Consensus Estimate of $0.73 per share, but down from $0.85 per share a year ago, indicating an earnings surprise of +1.37% [1] - The company posted revenues of $8.55 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.71%, but down from $9.14 billion year-over-year [2] - Over the last four quarters, Schlumberger has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Outlook - The stock has underperformed the market, losing about 9.6% since the beginning of the year compared to the S&P 500's gain of 7.1% [3] - The current consensus EPS estimate for the coming quarter is $0.77 on revenues of $9.28 billion, and for the current fiscal year, it is $3.03 on revenues of $35.81 billion [7] - The estimate revisions trend for Schlumberger was unfavorable ahead of the earnings release, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Oil and Gas - Field Services industry, to which Schlumberger belongs, is currently in the bottom 4% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]