Schlumberger Limited (SLB) will report its first-quarter results on April 19. Wall Street expects the company to post higher revenue and earnings in the first quarter. With SLB’s earnings expected shortly, I have discussed why waiting for an opportune entry point in the stock could be wise.
For the first quarter, SLB’s EPS and revenue are expected to increase 18.9% and 12.5% year-over-year to $0.75 and $8.70 billion, respectively. The company has a solid earnings history, beating the consensus estimate in each of the trailing four quarters. For the first quarter, SLB expects revenue growth in the low teens and EBITDA growth in the mid-teens. SLB announced it will return $7 billion to shareholders over the next two years.
