Schlumberger Shares Jump 1.95% to $48.11 Despite 6.6% Monthly Slide
SLB stock rose 1.95% to $48.11, beating the S&P’s 0.21% drop, though it’s down 6.63% over the past month versus 1.13% sector loss. Analysts forecast Q1 earnings of $0.62 per share, a 13.9% year-over-year drop on $8.88B revenue (+4.6%), with a forward P/E of 16.14 above the 15.97 industry average.
1. Recent Stock Performance
Schlumberger shares rose 1.95% to close at $48.11 on the latest session, outpacing the S&P 500’s 0.21% decline. Over the past month, the stock has fallen 6.63%, underperforming the Business Services sector’s 1.13% drop.
2. Q1 Earnings Outlook
Analysts project first quarter earnings of $0.62 per share, marking a 13.9% year-over-year decline, on revenue of $8.88 billion, up 4.6% from the year-ago quarter. Full-year consensus forecasts call for EPS of $2.92 and revenue of $37.27 billion, nearly flat and up 4.4%, respectively.
3. Valuation and Analyst Ratings
The company trades at a forward P/E of 16.14 versus its 15.97 industry average and a PEG ratio of 3.21, well above the 1.42 industry norm. With a proprietary rank of #3 (Hold) and its industry rated in the bottom 25%, analysts see mixed signals for near-term performance.