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.
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.
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.