For its second fiscal quarter (ending June 30), Schlumberger Ltd (NYSE: SLB) has reported a 7% increase in E.P.S. from $0.73 a year ago to $0.78 in the current quarter. Relative to the consensus estimate of $0.83, this was a shortfall of $-0.05. For the latest four quarters through June 30, E.P.S. were $3.10 versus $2.77 for the same period a year ago — an increase of 12%.
Recent Price Action
On 7/19/24, Schlumberger Ltd (NYSE: SLB) stock increased 1.9%, closing at $49.67. Moreover, unusually high trading volume at 156% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 7.5% during the last week.
Current PriceTarget Research Rating
SLB is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Schlumberger has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Schlumberger has a neutral Appreciation Score of 53 but a poor Power Rating of 23, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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