Strong Q4 earnings for Schlumberger, but stock has declined 12.3% in past year - negative.

From Zacks Investment Research: 2025-01-20 16:08:10

Schlumberger (SLB) reported strong Q4 2024 earnings of 92 cents per share, beating estimates. Quarterly revenues were $9.28 billion, surpassing expectations. However, SLB stock has declined 12.3% in the past year. Baker Hughes and Halliburton are yet to report Q4 earnings. Concerns for SLB include cautious spending, weak U.S. market conditions, exposure to Russia, and overvaluation. The stock’s current status is overvalued, with a potential for further price decreases. Given the challenges faced by SLB, it may be wise to consider selling the stock, as it currently carries a Zacks Rank #5 (Strong Sell).



Read more at Zacks Investment Research: Should Investors Steer Clear of SLB Stock Despite Strong Q4 Earnings? – January 20, 2025