The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Schlumberger beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share dropped slightly.
Margins contracted across the board.
Schlumberger booked revenue of $11.17 billion. The 19 analysts polled by S&P Capital IQ foresaw revenue of $10.82 billion on the same basis. GAAP reported sales were 2.1% higher than the prior-year quarter's $10.97 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.08. The 30 earnings estimates compiled by S&P Capital IQ averaged $1.08 per share. GAAP EPS of $1.02 for Q4 were 2.9% lower than the prior-year quarter's $1.05 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary 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 17.8%, 60 basis points worse than the prior-year quarter. Net margin was 12.2%, 70 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $10.71 billion. On the bottom line, the average EPS estimate is $1.03.
Next year's average estimate for revenue is $45.86 billion. The average EPS estimate is $4.83.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 3,043 members out of 3,123 rating the stock outperform, and 80 members rating it underperform. Among 672 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 659 give Schlumberger a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Schlumberger is outperform, with an average price target of $88.10.
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