Schlumberger Set To Unveil Q4 Earnings: Drilling Down Into Market Expectations, Business Potential
Portfolio Pulse from Surbhi Jain
Schlumberger Ltd (NYSE:SLB) is set to release its Q4 earnings on January 19. Wall Street anticipates an EPS of 84 cents and revenue of $8.96 billion. Analysts will focus on the company's positioning against challenges like the end of OPEC supply cuts and economic weaknesses. Schlumberger's growth prospects, declining debt, and positive industry outlook for 2024 are noted, despite a limited dividend history. The stock is rated as a Buy with a price target between $68 and $77, while currently trading at $47.89.
January 18, 2024 | 1:34 pm
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Schlumberger is expected to report strong Q4 earnings with an EPS of 84 cents and revenue of $8.96 billion. Analysts are optimistic about the company's growth and have rated the stock as a Buy, with a price target range of $68 to $77, which is significantly higher than its current trading price of $47.89.
The anticipation of strong Q4 earnings and positive analyst ratings suggest a potential increase in SLB's stock price in the short term. The price target range provided by analysts indicates a significant upside from the current trading price, which could lead to increased investor interest and a positive stock price movement post-earnings announcement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100