What Analysts Expect from Schlumberger’s Q2 2018 Earnings



Schlumberger’s Q2 2018 earnings estimates

In the second quarter of 2018, analysts expect Schlumberger (SLB) to report $0.43 adjusted EPS. That would be an increase of 13% sequentially from $0.38. With strong business from North America, Schlumberger management also expressed optimism for its operations in the Middle East and the North Sea in Europe. That could result in improved second-quarter earnings. SLB is scheduled to hold its Q2 2018 earnings conference call on July 20.

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Schlumberger’s earnings versus estimates

In the first quarter, Schlumberger’s adjusted EPS marginally exceeded analysts’ consensus EPS. On average over the past 13 quarters, it has exceeded the consensus EPS estimate by 8%.

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Analysts’ estimates for SLB’s peers

By comparison, Halliburton’s (HAL) Q2 2018 adjusted EPS is expected to increase 41% sequentially. Wall Street analysts expect National Oilwell Varco (NOV) to report $0.02 adjusted profit in Q2 2018 compared to its Q1 2018 adjusted loss of $0.21. Nabors Industries (NBR) is expected to cut its second-quarter adjusted loss compared to its adjusted loss in the first quarter.

Series highlights

In this series, we’ll take a look at Schlumberger’s outlook, value drivers, and what sell-side analysts are suggesting for SLB. Then we’ll look at SLB management’s outlook.


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