Schlumberger Fourth Quarter Earnings Preview

S&P 500 (NYSE:SPY) component Schlumberger, Limited (NYSE:SLB) will unveil its latest earnings on Friday, January 20, 2012. Schlumberger is a global oilfield services company. Through its subsidiaries, it supplies technology, integrated project management and information solutions to consumers in the oil and gas industry.

Schlumberger, Limited Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.10 per share, a rise of 29.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.19. Between one and three months ago, the average estimate moved down. It also has dropped from $1.12 during the last month. Analysts are projecting profit to rise by 27.6% versus last year to $3.65.

Past Earnings Performance: Last quarter, the company fell short of estimates by 2 cents, coming in at net income of 98 cents per share against a mean estimate of profit of $1.01. The company topped expectations in the second quarter.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 19.1% in revenue from the year-earlier quarter to $10.8 billion.

Analyst Ratings: Analysts are bullish on this stock with 23 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the third quarter, profit fell 25% to $1.3 billion (96 cents a share) from $1.73 billion ($1.38 a share) the year earlier, missing analyst expectations. Revenue rose 49.4% to $10.23 billion from $6.84 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 56.3%, with the biggest boost coming in the second quarter when revenue rose 62.1% from the year earlier quarter.

The decrease in profit in the third quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 63.7% in the second quarter, 40.5% in the first quarter and 31% in the fourth quarter of the last fiscal year.

Competitors to Watch: Halliburton Company (NYSE:HAL), Weatherford Intl. Ltd. (NYSE:WFT), Baker Hughes Incorporated (NYSE:BHI), National-Oilwell Varco, Inc. (NYSE:NOV), Allis-Chalmers Energy Inc. (NYSE:ALY), Complete Production Services, Inc. (NYSE:CPX), Petroleum Geo-Services ASA (PGSVY), TETRA Technologies, Inc. (NYSE:TTI), and Recon Technology, Ltd. (NASDAQ:RCON).

Stock Price Performance: During November 15, 2011 to January 13, 2012, the stock price had fallen $7.71 (-10.2%) from $75.70 to $67.99. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 7, 2011 when shares rose for eight-straight days, rising 12.1% (+$9.69) over that span. It saw one of its worst periods between July 25, 2011 and August 4, 2011 when shares fell for nine-straight days, falling 14.7% (-$13.81) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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