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Schlumberger (SLB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Schlumberger (SLB) closed at $36.65 in the latest trading session, marking a +1.1% move from the prior day.
Recently, Zacks.com users have been paying close attention to Schlumberger (SLB). This makes it worthwhile to examine what the stock has in store.
SLB is undervalued, trading at less than 11x FCF, with strong financials, robust capital returns, and growing dividends, despite recent share price weakness. Technological advancements in digital, AI, and data center solutions are driving growth, diversifying revenue, and enhancing resilience beyond traditional oilfield services. SLB's disciplined capital allocation, low debt, and commitment to $4B in shareholder returns position it for capital appreciation and dividend growth.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the closing of the recent trading day, Schlumberger (SLB) stood at $35.91, denoting a +2.02% move from the preceding trading day.
Schlumberger (SLB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
SLB flags flat Q2 revenues and EBITDA as drilling slows in Saudi Arabia and Latin America, denting margins.
SLB's Digital and New Energy businesses are positioning the company for long-term growth, despite near-term cyclical headwinds. In particular, digital, carbon capture, and lithium extraction investments are beginning to pay off. SLB's revenue multiple is near all-time lows, despite growth tailwinds and the fact that SLB is returning large amounts of capital to shareholders.
Schlumberger (SLB) concluded the recent trading session at $33.73, signifying a -5.89% move from its prior day's close.