SLB Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Schlumberger Limited (NYSE:SLB) is set to release its Q3 earnings on Oct. 18, with expectations of increased earnings and revenue compared to last year. Analysts have adjusted their price targets for SLB, maintaining positive ratings but lowering targets slightly. SLB recently sold its interests in Palliser Block, and its shares rose 0.7% to $43.99.
October 18, 2024 | 7:54 am
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Schlumberger is expected to report higher Q3 earnings and revenue. Analysts have maintained positive ratings but slightly reduced price targets. SLB shares rose 0.7% following the sale of its interests in Palliser Block.
The expected increase in earnings and revenue is a positive indicator for SLB's financial performance. Despite analysts lowering price targets, they maintain positive ratings, suggesting confidence in the company's prospects. The recent asset sale and share price increase further support a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100