These Analysts Slash Their Forecasts On Schlumberger Following Q3 Earnings
Portfolio Pulse from Avi Kapoor
Schlumberger (NYSE:SLB) reported mixed Q3 results with revenue growth but missed consensus estimates. Despite challenges, adjusted EPS exceeded expectations. Analysts have lowered their price targets for SLB, reflecting cautious sentiment.

October 21, 2024 | 5:42 pm
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Schlumberger's Q3 earnings showed revenue growth but missed consensus estimates. Adjusted EPS beat expectations. Analysts have lowered their price targets, reflecting a cautious outlook on the stock.
Schlumberger's Q3 results were mixed, with revenue missing but EPS beating expectations. The market reacted with a slight gain in stock price. However, analysts have lowered their price targets, indicating a cautious outlook. This suggests a neutral short-term impact as the positive EPS is offset by revenue miss and lowered targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100