Schlumberger N.V. (NYSE:SLB) is expected to report second quarter earnings results, before market open, on Friday 24th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.01 per share.
Looking ahead, the full year income are expected at $ 0.21 per share on the revenues of $ 23120.90 million.
Previous Quarter Performance
Schlumberger N.V. outlined income for the first quarter of $ 0.25 per share, from the revenue of $ 7.46 million. The quarterly earnings contracted 16.67 percent while revenues down 99.90 percent compared with the same quarter last year.
According to street consensus, SLB was expected to report 1Q20 income of $ 0.24 per share from revenue of $ 7520.90 million. The bottom line results beat street analysts by $ 0.01 or 4.17 percent, at the same time, top line results fell short of analysts by $ 7 million or 99.9 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SLB was $ 19.30, representing a 62.59 % increase from the 52 week low of $ 11.87 and a 53.09 % decrease over the 52 week high of $ 41.14.
The company has a market capital of $ 26.78 billion and is part of the Energy sector and Oil & Gas Equipment & Services industry.
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Recent Analyst recommendations
On 15th July 2020, upgraded by Cowen to Outperform from Market Perform rating, with $ 27.00 target price.
On 9th July 2020, maintained by Morgan Stanley at Overweight rating, with $ 23.00 target price.
On 18th June 2020, maintained by JPMorgan Chase & Co. at Neutral rating, with $ 17.00 target price.
On 17th June 2020, maintained by Bank of America at Neutral rating, with $ 22.00 target price.
On 26th May 2020, maintained by UBS Group at Neutral rating, with $ 18.00 target price.
Recent Stock Dividend Announcement
On April 16, 2020, the board of directors authorized quarterly dividend of $ 0.125 per share to holders of record as of the close of business on June 3, 2020, with payment date of July 9, 2020 and ex-dividend date on June 2, 2020.
Conference Call
Schlumberger N.V. will be hosting a conference call at 8:30 AM eastern time on 24th July 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, +1 (844) 721-7241 Toll Free, (United States) or +1 (409) 207-6955 (International), with passcode : 4013483 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/5g89fmg8
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The companys Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services. Its Drilling segment designs, manufactures, and markets roller cone and fixed cutter drill bits; supplies drilling fluid systems, fluid systems and specialty equipment, production technology solutions, and engineered managed pressure and underbalanced drilling solutions; and offers environmental services and products.
