Schlumberger 2Q Earnings Pregame Scorecard

Having topped analysts' estimates last quarter by one cent per share, Schlumberger (NYSE:SLB) is expected to deliver its latest earnings on Friday, July 20, 2012.

Expectations

Analysts currently expect Schlumberger to come in with earnings of $1 per share on revenues of $10.41 billion. Analyst estimates range from 96 cents per share to $1.05 per share. Over the past three months, the average estimate has moved down from $1.06.

Last Quarter's Results

In the first quarter, profit rose 37.8% to $1.3 billion (97 cents a share) from $944 million (69 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 21.7% to $10.61 billion from $8.72 billion.

Stock Ratings

Analysts are bullish on the stock as 21 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $5.08 per share between June 1, 2012 and June 19, 2012. Looking at change over the last three months, April 18, 2012 and July 13, 2012, the stock price fell $3.21 (-4.6%), from $69.93 to $66.72.

Company Fundamental Trends With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 38.6% over the last four quarters. Net income has improved by a year-over-year average of 28% over the previous four quarters, and the company heads into its upcoming earnings announcement with solid profits of late.

Summary

Reporting Period: 2Q

Date of Release: Friday, July 20, 2012 before market open

EPS: $1

Revenue Estimate: $10.41 billion

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