Schlumberger Q4 Earnings Surpass Expectations Despite Minor Drop

Schlumberger Ltd. reports strong Q4 earnings with adjusted EPS at $0.92, exceeding analysts' forecast of $0.90. However, overall earnings show a slight decrease compared to last year. Investors should note the revenue growth of 3.3% in evaluating stock potential.

Date: 17-01-2025

AI Rating: 6

Analysis of Schlumberger Ltd. Q4 Earnings

Schlumberger Ltd. reported a profit of $1.095 billion for the fourth quarter, which is a slight decrease from $1.113 billion reported in the same period last year. This resulted in earnings per share (EPS) of $0.77, matching the prior year’s EPS, which could indicate a stabilization rather than growth in earnings.

However, the adjusted earnings, which exclude special items, for the same quarter were $1.311 billion, yielding an adjusted EPS of $0.92. This performance exceeds analysts’ expectations, who predicted an adjusted EPS of $0.90. This positive deviation could attract investor confidence and bode well for future stock performance.

Revenue for the quarter increased by 3.3% year-over-year, totaling $9.284 billion compared to $8.990 billion in the previous year. This growth in revenue, though moderate, reflects a stable demand for Schlumberger's services and could signal resilience in their operational capabilities in the market.

In summary, while the overall earnings have shown a slight decline, the adjusted figures beating expectations and the revenue growth are positive signals for investors. Careful monitoring of future quarters will be essential to determine if this performance trend continues.

Stocks: SLB