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Schlumberger (SLB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
SLB's stock (NYSE: SLB), formerly known as Schlumberger, which provides oil field services including drilling, completion, and production solutions to upstream oil & gas companies in the U.S. and abroad, is scheduled to report its fiscal first-quarter results on Friday, April 19. We expect SLB's stock to likely trade higher with revenues and earnings coming slightly ahead of market expectations in its first quarter.
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.
In the closing of the recent trading day, Schlumberger (SLB) stood at $54, denoting a -0.37% change from the preceding trading day.
In the closing of the recent trading day, Schlumberger (SLB) stood at $55.03, denoting a +1.4% change from the preceding trading day.
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Shares of ChampionX (CHX) jumped Tuesday after SLB (SLB) agreed to buy the rival oilfield services provider in an all-stock transaction valued at about $7.8 billion.