SLB (SLB) shares closed at $48.58, reflecting a drop of 5.25% on the latest trading day, underperforming compared to the S&P 500’s loss of 0.94%. Over the past month, SLB’s stock has risen by 6.7%, contrasting with the Business Services sector’s decline of 2.86% and the S&P 500’s 1.3% downturn.
In anticipation of its upcoming earnings report, analysts project an earnings per share (EPS) of $0.62, marking a 13.89% decrease from the previous year, while revenue is expected to reach $8.88 billion—a 4.57% increase year-over-year. For the fiscal year, the forecasted EPS stands at $2.92 with total revenue predicted at $37.27 billion, corresponding to changes of -0.34% and +4.36%, respectively. SLB is currently rated #3 (Hold) in the Zacks Rank system.
Presently, SLB trades at a Forward P/E ratio of 17.54, higher than the industry average of 15.15, and shows a PEG ratio of 3.49 compared to the industry average of 1.34, indicating a premium valuation. The Technology Services sector, part of the Business Services category, holds a Zacks Industry Rank of 164, placing it in the bottom 34% among over 250 industries.
