Schlumberger Ltd (NYSE: SLB) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.78 versus $0.75 for the same period a year ago — an increase of 4%. However, this result fell short of the consensus estimate of $0.84 by $-0.06. For the latest four quarters through December 31, E.P.S. were $2.95 compared to $2.43 a year ago — an increase of 21%.
Recent Price Action
Schlumberger Ltd (NYSE: SLB) stock closed at $49.64 on 1/19/24 after a large increase of 2.2%. Moreover, this advance was accompanied by unusually high trading volume at 198% of normal. The stock has risen 2.5% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SLB’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Schlumberger has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Schlumberger has a slightly negative Appreciation Score of 38 but a good Power Rating of 80, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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