The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Schlumberger Limited beat expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue increased significantly, and earnings per share grew significantly.
Gross margins dropped, operating margins increased, net margins improved.
Schlumberger Limited tallied revenue of $11 billion. The 22 analysts polled by S&P Capital IQ wanted to see sales of $10.7 billion. Sales were 21% higher than the prior-year quarter's $9.1 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $1.11. The 31 earnings estimates compiled by S&P Capital IQ predicted $1.09 per share on the same basis. GAAP EPS of $1.05 for Q4 were 39% higher than the prior-year quarter's $0.76 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 21.5%, 30 basis points worse than the prior-year quarter. Operating margin was 18.1%, 120 basis points better than the prior-year quarter. Net margin was 12.8%, 130 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $10.7 billion. On the bottom line, the average EPS estimate is $1.08.
Next year's average estimate for revenue is $45.5 billion. The average EPS estimate is $4.87.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,912 members out of 2,990 rating the stock outperform, and 78 members rating it underperform. Among 714 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 702 give Schlumberger Limited a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Schlumberger Limited is outperform, with an average price target of $90.36.
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