Schlumberger (SLB) has an average brokerage recommendation (ABR) of 1.40, indicating a range between Strong Buy and Buy, based on assessments from 25 brokerage firms, where 18 recommend Strong Buy and 4 recommend Buy. This translates to 72% favoring a Strong Buy and 16% a Buy.
Despite the favorable ABR, the Zacks Consensus Estimate for Schlumberger’s earnings has dropped by 1.5% over the past month to $3.04, resulting in a Zacks Rank of #4 (Sell). This suggests increasing analyst pessimism regarding the company’s earnings prospects, which may lead to a price decline in the near term, advising caution for potential investors.
