Monday, September 27, 2021

Schlumberger Limited [SLB] Earnings Report Preview March 2021

Earnings from Schlumberger Limited [SLB] are scheduled on April 23, 2021, before the market opens. It is expected that the company will report weak earnings for the quarter ending Mar 2021.


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SLB Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.19 per share on revenue of $5.09B. Taking a look at the future, the company is projected to report revenue of $5.36B at an earnings per share of $0.23 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 12.00% in revenue and 45.02% in earnings per share for the company.

SLB Stock Earnings Forecast For The Current Year


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For the full financial year, Schlumberger Limited [NYSE:SLB] is forecasted to generate revenue of $21.98B. The figure is about $-1.62 billion below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $1.02 in 2021, which is $0.34 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 50.00% this year, 44.10% next year, and 41.84% annually over the next five years. With regard to sales, forecasts suggest a decline of -6.90% in current fiscal year and 12.00% over following year.

SLB Stock Price Performance

At the close of Thursday’s session, Schlumberger Limited [NYSE:SLB] finished down -1.87% at $25.25. The stock’s highest single-day price was $25.77, and its lowest was $25.20. Its price fall -5.29% in the last five days. Since the beginning of the year, Schlumberger Limited’s shares are up nearly 15.67%. However, the share price is -16.97% below its one year high. The top price reached by the shares of the company was $30.41 on 03/11/21, while the 52-week low came on 01/27/21, when the shares were $21.23. In the past year, shares of the company have risen 64.60%. At 50 days, the moving average achieved is $27.52 while at 200 days, the moving average is $21.65. There were 16.06 million shares traded in the last session, up from 13.11 million in the previous session.

Schlumberger Limited [NYSE:SLB] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 1.52 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.14 for the industry, which means SLB offers an unattractive investment opportunity than its competitors do.

SLB Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 25.25 level, and the violation of this level will cause a further drop to 25.04 level. At the upper end, 26.18 remains a key resistance. As the stock increases, it may find resistance at 25.98. In the 14-day chart, the Relative Strength Index standing at 38.94 suggests a technical neutral stance while the MACD standing at -1.14 indicates price will decrease in the next trading period. Stochastic %K at 19.24% suggests buying the stock while Percent R indicator at 80.89% suggests bearish price movement.

How much is the short interest in Schlumberger Limited?

There have been a drop in short interest in the Schlumberger Limited Financial stock, with short interest down by 90000.0 shares to 20.36 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 20.27 million shares. This 0.44% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 1.45% of the overall float in the stock, while the stock’s days to cover moved to 1.31.

How do analysts view Schlumberger Limited?

In regard to the share price forecast for Schlumberger Limited stock, the analysts, as surveyed by FactSet, forecast the price to reach $30.00 in the next twelve months, representing almost an 15.83% growth from its recent price of $25.25. Among Schlumberger Limited stock projections, $36.00 is the highest analyst target for the stock, while $18.10 is the lowest. Despite this, 28 analysts who share their consensus rating for SLB in 2021 agree that the stock is an Overweight. The latest rating change took place on 2/01/21, when Piper Sandler Ratings launched coverage of the stock at “Neutral” and assigned a price target of $25.0.

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