SLB Q4 Earnings Preview: $0.74 EPS, $9.55B Revenue Expected

Written by Emily J. Thompson, Senior Investment Analyst

SLB-0.34%

Source: Benzinga

Updated: 2d ago

0mins

Source: Benzinga

Earnings Forecast: SLB is expected to report fourth-quarter earnings of $0.74 per share, down from $0.92 in the same period last year, indicating challenges in the oil and gas sector amid market volatility.
Revenue Expectations: Analysts project SLB's quarterly revenue to reach $9.55 billion, an increase from $9.28 billion last year, demonstrating the company's resilience in the market.
Contract Win: On December 23, SLB disclosed it secured a five-year contract with Saudi Aramco, which will significantly bolster the company's revenue growth prospects in the coming years.
Stock Performance: SLB shares rose 1.7% to close at $49.32 on Thursday, reflecting market optimism regarding the company's future earnings outlook.

SLB

$49.15+Infinity%1D

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

Morgan Stanley

NULL

Overweight

maintain

$43 -> $50

2026-01-21

New

Reason

Morgan Stanley

Price Target

$43 -> $50

AI Analysis

2026-01-21

New

maintain

NULL

Overweight

Reason

Morgan Stanley raised the firm's price target on SLB to $50 from $43 and keeps an Overweight rating on the shares. Heading into Q4 results, the firm's forecasts are roughly in-line with consensus for its energy services and equipment coverage overall on Q4 and 2026 EBITDA estimates, the analyst tells investors in a preview for the group.

Susquehanna

Positive

maintain

$42 -> $52

2026-01-07

Reason

Susquehanna

Price Target

$42 -> $52

2026-01-07

maintain

Positive

Reason

Susquehanna raised the firm's price target on SLB to $52 from $42 and keeps a Positive rating on the shares. With U.S. rig and frac spread count flattish from Q3 levels heading into Q4 earnings season for the oilfield services sector, U.S. drilling and completions activity "appears to have held in better than most were expecting," the analyst tells investors in a group preview.

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TD Cowen

Buy

downgrade

$57 -> $55

2026-01-07

Reason

TD Cowen

Price Target

$57 -> $55

2026-01-07

downgrade

Buy

Reason

TD Cowen lowered the firm's price target on SLB to $55 from $57 and keeps a Buy rating on the shares. The firm adjusted targets in the oilfield services group as part of a Q4 preview. Many oilfield stocks have responded positively to the capture of Nicolas Maduro, anticipating increased oilfield investment in Venezuela, the analyst tells investors in a research note. However, TD thinks it will take a long time and require a lot of guarantees from the U.S. government for U.S. companies to commit capital. It says the stock rallies on the news may be overdone. However, many names in the group remain "cheap," the firm adds.

Freedom Capital

Buy

Hold

downgrade

$47

2026-01-06

Reason

Freedom Capital

Price Target

$47

2026-01-06

downgrade

Buy

Hold

Reason

Freedom Capital downgraded SLB to Hold from Buy with a $47 price target. The "euphoria" in the U.S. oil and gas sector triggered by the U.S. operation in Venezuela is "unjustified," contends the analyst, who calls rising oil and gas equities amid declining oil prices "a dangerous game for investors." The sharp rally in U.S. oil and gas stocks over recent months shows little regard for the sector's negative fundamental backdrop, marked by falling oil prices and an oversupplied market, the analyst argues.

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.