SLB N.V. (NYSE:SLB) Q4 Earnings Expected at 74 Cents, Down from 92 Cents
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Yahoo Finance
- Earnings Decline: SLB is expected to report Q4 earnings of 74 cents per share, down from 92 cents in the previous year, indicating pressure on the company amid competitive market conditions that may affect investor confidence.
- Revenue Growth: Analysts project SLB's quarterly revenue to reach $9.55 billion, an increase from $9.28 billion last year, reflecting the company's resilience and a rebound in market demand within the oil and gas sector.
- Analyst Rating Maintained: Stifel analyst Stephen Gengaro has maintained a Buy rating on SLB and raised the price target from $48 to $52, indicating strong market confidence in SLB's future growth prospects.
- Attractive Dividend Yield: SLB offers an annual dividend yield of 2.35%, with a quarterly payout of 28.5 cents, drawing investor interest in its dividend potential, especially as stable cash flow becomes increasingly important in the current market environment.
Analyst Views on SLB
Wall Street analysts forecast SLB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLB is 48.71 USD with a low forecast of 43.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
16 Buy
0 Hold
0 Sell
Strong Buy
Current: 49.320
Low
43.00
Averages
48.71
High
55.00
Current: 49.320
Low
43.00
Averages
48.71
High
55.00
About SLB
SLB N.V. is a global technology company. The Company’s segments include Digital, Reservoir Performance, Well Construction, Production Systems, and All Other. Digital segment includes products, services, and solutions that span the energy value chain from subsurface characterization through field development and hydrocarbon production to carbon management and the integration of adjacent energy systems. Reservoir Performance segment consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance. Well Construction segment provides operators and drilling rig manufacturers with services and products related to the design and construction of a well. Production Systems segment develops technologies and provides expertise that enhances production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. All Other segment includes asset performance solutions, data center solutions and SLB Capturi.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
