SLB Analysts Boost Their Forecasts Following Q2 Earnings
Portfolio Pulse from Lisa Levin
Schlumberger N.V. (NYSE:SLB) reported a 19.6% YoY increase in Q2 FY23 revenue to $8.10 billion, missing the consensus of $8.22 billion. Adjusted EPS increased 44% YoY to $0.72, beating the consensus of $0.71. Following the earnings announcement, Raymond James and Susquehanna raised their price targets on SLB.
July 24, 2023 | 12:00 pm
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Schlumberger's Q2 FY23 revenue missed consensus, but EPS beat expectations. Analysts from Raymond James and Susquehanna raised their price targets on the stock following the earnings announcement.
Schlumberger's mixed Q2 results, with revenue missing but EPS beating consensus, may have a neutral short-term impact on the stock. The raised price targets by Raymond James and Susquehanna indicate a positive outlook, but the stock's immediate reaction was a slight drop.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100