A Look at SLB's Upcoming Earnings Report

SLB (NYSE:SLB) is preparing to release its quarterly earnings on Friday, 2024-10-18. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect SLB to report an earnings per share (EPS) of $0.88.

The announcement from SLB is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Performance in Previous Earnings

The company's EPS beat by $0.02 in the last quarter, leading to a 0.0% drop in the share price on the following day.

Here's a look at SLB's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.83

0.69

0.84

0.77

EPS Actual

0.85

0.75

0.86

0.78

Price Change %

2.0%

-2.0%

2.0%

-3.0%

Analysts' Perspectives on SLB

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on SLB.

The consensus rating for SLB is Outperform, derived from 17 analyst ratings. An average one-year price target of $62.44 implies a potential 42.95% upside.

Peer Ratings Overview

In this comparison, we explore the analyst ...