Schlumberger Earnings Preview

Schlumberger SLB announces its next round of earnings this Friday, October 16. Here is Benzinga's look at Schlumberger's Q3 earnings report.

Earnings and Revenue

Analysts covering Schlumberger modeled for quarterly EPS of $0.12 on revenue of $5.38 billion. Schlumberger EPS in the same period a year ago totaled $0.43. Revenue was $8.54 billion. The Wall Street consensus estimate for earnings would represent a 72.09% decrease for the company. Revenue would have fallen 37.01% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

Over the last 52-week period, shares are down 51.44%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Schlumberger is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/38mppeco