Schlumberger SLB announces its next round of earnings this Friday, July 23. Here is Benzinga's everything-that-matters guide for this Friday's Q2 earnings announcement.
Net Income, Earnings, And Earnings Per Share
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Based on Schlumberger management projections, analysts predict EPS of $0.26 on revenue of $5.50 billion. In the same quarter last year, Schlumberger reported EPS of $0.05 on revenue of $5.36 billion.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
If the company were to post earnings in line with the consensus estimate when it reports Friday, EPS would be up 420.0%. Revenue would be up 2.69% from the year-ago period. Here is how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.19 | 0.17 | 0.12 | -0.01 |
| EPS Actual | 0.21 | 0.22 | 0.16 | 0.05 |
| Revenue Estimate | 5.09 B | 5.25 B | 5.38 B | 5.40 B |
| Revenue Actual | 5.22 B | 5.53 B | 5.26 B | 5.36 B |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Over the last 52-week period, shares are up 44.05%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Do not be surprised to see the stock move on comments made during its conference call. Schlumberger is scheduled to hold the call at 09:30:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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