Schlumberger Set To Unveil Q4 Earnings: Drilling Down Into Market Expectations, Business Potential

Schlumberger Ltd SLB will be releasing its fourth-quarter earnings on Jan. 19 before market hours.

Wall Street expects the oilfield services company to clock 84 cents in EPS and $8.96 billion in revenue.

Schlumberger’s services encompass various aspects of the energy sector, including exploration, drilling, reservoir characterization, production, and well intervention. It provides technology, expertise, and solutions to the oil and gas industry.

Here's what analysts will be focusing on, and how the stock currently maps against Wall Street estimates.

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The Investment Thesis: Schlumberger is positioned for growth despite challenges in the oil market. Ongoing international investments and a focus on long-cycle projects support its resilience.

While economic weaknesses and the end of OPEC cuts pose risks, the stock’s historical profitability and positive cash flow make it appealing.

Schlumberger’s double-digit growth, declining debt, and positive industry projections for 2024 enhance its investment outlook, despite a limited dividend track record.

SLB Analyst Consensus and Ratings

Q4 Analysts' Focus: As the company reports Q4 earnings, analysts covering the stock would be closely watching for signs of the company’s positioning to tackle threats such as the end of OPEC supply cuts and economic weaknesses in Europe and China.

Analysts will also be assessing Schlumberger’s ability to adjust its pricing advantage as both onshore and offshore operations grow, especially in the Gulf of Mexico, where the company holds a substantial presence.

Ratings & Consensus Estimates: Consensus analyst ratings on Schlumberger stock stand at a Buy. The latest analyst ratings for the stock have assigned a price target between $68 and $77 to the stock.

SLB Price Action: Schlumberger stock was trading at $47.89 at the time of publication.

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