Core Viewpoint - The market anticipates a year-over-year decline in Schlumberger's earnings due to lower revenues, with a focus on how actual results compare to estimates [1][3]. Earnings Expectations - Schlumberger is expected to report quarterly earnings of $0.67 per share, reflecting a year-over-year decrease of 24.7% [3][19]. - Revenue is projected to be $8.94 billion, down 2.4% from the same quarter last year [3][19]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.28% over the last 30 days, indicating a reassessment by analysts [4][19]. - The Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.82%, suggesting a bearish outlook from analysts [12][19]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, but the predictive power is stronger for positive readings [9][10]. - Schlumberger's current Zacks Rank is 4 (Sell), complicating predictions of an earnings beat [12][20]. Historical Performance - In the last reported quarter, Schlumberger exceeded earnings expectations with a surprise of +1.37% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Conclusion - Schlumberger does not appear to be a strong candidate for an earnings beat based on current estimates and rankings, but other factors should also be considered by investors [17][20].
Earnings Preview: Schlumberger (SLB) Q3 Earnings Expected to Decline