Earnings Preview: Schlumberger EPS, Revenue Expected to Rise from Previous Quarter

Get ready for Schlumberger SLB earnings! Don't be the last to know: The company announces its next round of earnings this Friday, July 22, 2011.

Want to know what analysts are expecting to see in Schlumberger's lastest earnings numbers? We thought so. Here's an advanced look at the company's second quarter earnings report.

Let's Do the Numbers:

Analysts are predicting a positive EPS reading of 85 cents per share and revenues of $9.17 billion. We'll have to wait for Friday to see if Schlumberger falls in line with analyst expectations and reports an increase in EPS and a slight decline in revenue from the year-ago quarter.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter	Q1	Q4	Q3	Q2
EPS Estimate	$0.77	$0.77	$0.70	$0.67
EPS Actual	$0.71	$0.85	$0.70	$0.68

Stock Performance:

Shares of Schlumberger were trading at $87.21 as of July 18, 2011. Since January 1st, shares of Schlumberger have given investors a return of 5%. For a full 12 months, the return has risen by 41.6%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

• Long-term shareholders are already enjoying 12-month gains prior to the announcement

Average Stock Rating:

The average rating by analysts for Schlumberger is a Moderate Buy. The strength of this rating has crept upwards over the past three months.

Competitors:

Want to check out the performance of Schlumberger closest competitors? Take a look at some of the company's peers in the energy sector.

• Baker Hughes BHI: Moderate Buy with a $0.87 recent quarter EPS
• Halliburton Company HAL: Moderate Buy with a $0.61 recent quarter EPS
• National Oilwell Varco NOV: Moderate Buy with a $1.00 recent quarter EPS
• TETRA Technologies TTI: Moderate Buy with a $0.07 recent quarter EPS

The oil-field services company's industry has seen price/earnings growth of 1.8% during the current fiscal year.

Finally, a description of the main business areas of the company, in case you need a little refresher: Schlumberger Limited is a global oilfield services company. Through its subsidiaries, it supplies technology, integrated project management, and information solutions to consumers in the oil and gas industry.

Take Action:

Now that you've gotten an advanced peak at Schlumberger's upcoming earnings numbers, keep an eye out for any surprises in the report and be ready to take action. Also, check back in with us after the announcement for a full recap and a guide to your next steps.

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