SLB (SLB) Stock Declines While Market Improves: Some Information for Investors

Core Viewpoint - SLB is experiencing a mixed performance in the stock market, with upcoming earnings expected to show a decline in EPS but a slight increase in revenue compared to the previous year [1][2][3]. Group 1: Stock Performance - SLB's stock closed at $35.71, down 1.33%, underperforming the S&P 500's gain of 1.55% [1]. - Over the last month, SLB's shares increased by 1%, outperforming the Business Services sector's loss of 4.49% and the S&P 500's loss of 1.8% [1]. Group 2: Earnings Estimates - SLB is projected to report an EPS of $0.74, reflecting a 19.57% decline year-over-year [2]. - The Zacks Consensus Estimate for revenue is $9.53 billion, indicating a 2.64% increase from the same quarter last year [2]. Group 3: Fiscal Year Projections - For the entire fiscal year, earnings are estimated at $2.89 per share, down 15.25% from the prior year, with revenue projected at $35.78 billion, a decrease of 1.4% [3]. - Recent adjustments to analyst estimates for SLB may indicate changing business trends, with positive revisions suggesting a favorable business outlook [3]. Group 4: Zacks Rank and Valuation - The Zacks Rank system, which assesses estimate changes, currently ranks SLB at 3 (Hold), with a recent 0.03% decline in the consensus EPS estimate [5]. - SLB's Forward P/E ratio is 12.52, which is a discount compared to the industry average of 19.17 [6]. Group 5: Industry Context - The Technology Services industry, part of the Business Services sector, has a Zacks Industry Rank of 75, placing it in the top 31% of over 250 industries [6]. - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7].