uploads///featured image

Schlumberger: What to Expect from Its Q4 Earnings


Jan. 15 2019, Updated 12:14 p.m. ET

Schlumberger’s fourth-quarter results

Schlumberger (SLB) is scheduled to report its fourth-quarter results on January 18. Analysts expect its EPS to fall ~25% to $0.36 from $0.48 per share in the fourth quarter of 2017—a 22% sequential fall. The company’s revenues are estimated to fall ~2% year-over-year to $8.0 billion in the fourth quarter. Schlumberger met or beat its EPS estimates in all of the past nine quarters.

The softness in Schlumberger’s North America operations might continue to hamper the company’s results in the fourth quarter. Permian Basin takeaway constraints have impacted the fracturing activity in the region. The above graph shows Schlumberger’s adjusted EPS compared to the consensus estimates over ten quarters.

Article continues below advertisement

Stock performance

Schlumberger stock has fallen ~47% in the last 12 months. A fall in the fourth-quarter earnings might impact the stock’s performance. Halliburton (HAL), Baker Hughes (BHGE), and National Oilwell Varco (NOV) have fallen 43%, 37%, and 26%, respectively, during the same period.

Halliburton is scheduled to report its fourth-quarter results on January 22. Baker Hughes is scheduled to report its results on January 31. National Oilwell Varco is scheduled to report its results on February 6. Together, Schlumberger, Halliburton, Baker Hughes, and National Oilwell Varco form 45.5% of the VanEck Vectors Oil Services ETF (OIH).

Next, we’ll discuss how Schlumberger’s segments might perform in the fourth quarter.


More From Market Realist

  • what credit cards can you get without a credit check
    New Program Aims to GEt Credit Cards to People Without Credit Scores
  • Man going into a tax preparation office
    Should I File a Tax Extension Before the Tax Deadline?
  • Thai Airways plane
    Thai Airways (TAWNF) Is Risky, Best to Avoid the Penny Stock
  • A "now hiring" sign outside a Popeyes restaurant, one sign that employers are having trouble finding employees willing to work for current wages.
    Why Employers Are Struggling To Fill Jobs Despite High Unemployment
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.