Schlumberger Limited (SLB) : Q315 Earnings Whisper

Schlumberger (SLB) is set to announce its Q315 earnings after the market close on Thursday, October 15. Analysts expect the provider of tech solutions to the oil and gas industry to report EPS of $0.79 and revenue of $8.58 billion. That would be $0.09 lower the $0.88 per share posted last quarter and $0.7 lower the $1.49 posted in the Q314. Revenue is projected to be $4.02 billion lower than the $12.6 billion posted in the same period a year earlier. Meanwhile, for the current quarter reports a whisper number of $0.81 per share.

As a quick reminder, SLB reported Q215 EPS of $0.88, $0.09 better than the Street’s consensus estimate of $0.79. Revs decreased 25.23% year-over-year to $9.01 billion versus the $8.97 billion consensus.

On valuation measures, Schlumberger Ltd. shares are currently priced at 22.29x this year’s forecasted earnings, compared to the industry’s 22.11x earnings multiple. Ticker has a PEG and forward P/E ratio of -3.46 and 23.08, respectively. Price/Sales for the same period is 2.12 while EPS is $3.37. Currently there are 24 analysts that rate SLB a ‘Buy’, 8 rate it a ‘Hold’. No analyst rates it a ‘Sell’.

SLB has a median Wall Street price target of $90.00 with a high target of $120.00.

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