SLB to Report Q4 Earnings on January 23, Forecasts $0.74 EPS and $9.55B Revenue
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10h ago
0mins
Source: seekingalpha
- Earnings Forecast: SLB is set to announce its Q4 earnings on January 23, with Wall Street expecting an EPS of $0.74, a 19.6% year-over-year decline, and revenues of $9.55 billion, reflecting the company's stability in the oilfield services market.
- Technological Leadership: A recent note from VanEck highlights SLB's leadership in technology, digital solutions, and reservoir expertise, positioning the company favorably for complex international and offshore projects, thereby supporting producers in maximizing output from existing fields.
- Acquisition Impact: Evercore notes that the acquisition of ChampionX and the exit from APS through Palliser have repositioned SLB towards wellhead production, reducing overall risk and enhancing the company's competitive edge in the market.
- Market Expansion Opportunities: SLB is in discussions with U.S. officials and potential customers about expanding operations in Venezuela, where recent geopolitical shifts could significantly broaden SLB's addressable market, despite associated risks, thereby enhancing its growth potential.
Analyst Views on SLB
Wall Street analysts forecast SLB stock price to rise 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: 48.520
Low
43.00
Averages
48.71
High
55.00
Current: 48.520
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.
