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SLB Poised to Report Q3 Earnings: Here's What You Need to Know

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Key Takeaways

  • {\"0\":\"SLB will report Q3 2025 results on Oct. 17, with earnings estimated at 67 cents per share.\",\"1\":\"Revenue is expected at $8.9B, marking a 2.4% decline from the prior-year quarter.\",\"2\":\"Lower WTI crude prices may have curbed demand for SLB\'s oilfield services in the September quarter.\"}

SLB (SLB - Free Report) is set to report third-quarter 2025 results on Oct. 17, before the opening bell.

In the last reported quarter, its adjusted earnings of 74 cents per share beat the Zacks Consensus Estimate of 73 cents, primarily attributed to international growth, strong digital revenues and rising demand for production systems.

It missed the Zacks Consensus Estimate for earnings in one of the trailing four quarters and beat thrice, delivering an average surprise of 0.51%. This is depicted in the graph below:

Schlumberger Limited Price, Consensus and EPS Surprise

Schlumberger Limited Price, Consensus and EPS Surprise

Schlumberger Limited price-consensus-eps-surprise-chart | Schlumberger Limited Quote

Estimate Trend for SLB

The Zacks Consensus Estimate for third-quarter earnings per share of 67 cents has remained unchanged in the past seven days. The estimated figure indicates a 24.7% decline from the prior-year reported number.

The Zacks Consensus Estimate for revenues of $8.9 billion indicates a 2.4% decrease from the year-ago recorded figure.

Factors to Consider for SLB

Per data from the U.S. Energy Information Administration (“EIA”), the average spot prices for Cushing, OK, West Texas Intermediate (WTI) crude for July, August and September were $68.39, $64.86 and $63.96 per barrel, respectively. However, the pricing environment was more favorable in the prior-year comparable months, with average prices of $81.80, $76.68 and $70.24 per barrel, respectively.

Since the pricing scenario for the commodity in the third quarter of 2025 was less favorable than a year ago, demand for SLB's oilfield services is likely to have softened in the September quarter.

Earnings Whispers

Our proven model does not indicate an earnings beat for SLB this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you will see below.

Earnings ESP: SLB has an Earnings ESP of -2.82%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

Zacks Rank: SLB currently carries a Zacks Rank #4 (Sell).

Stocks to Consider

Here are some stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.

BP (BP - Free Report) is an integrated energy company. It currently has an Earnings ESP of +4.27% and a Zacks Rank #3. 

BP is scheduled to release third-quarter 2025 earnings on Nov. 4. The Zacks Consensus Estimate for BP’s earnings is pegged at 70 cents per share, indicating a 15.7% decrease from the prior-year reported figure.

Viper Energy, Inc. (VNOM - Free Report) currently has an Earnings ESP of +15.15% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

VNOM is set to release third-quarter 2025 earnings on Nov. 3. The Zacks Consensus Estimate for VNOM’s earnings is pegged at 33 cents per share, indicating a 33% decline from the prior-year reported figure.

Eni SpA (E - Free Report) currently has an Earnings ESP of +6.05% and a Zacks Rank #2.

Eni is set to release third-quarter 2025 earnings on Oct. 24. The Zacks Consensus Estimate for E’s earnings is pegged at 72 cents per share, which indicates a decrease of 16.3% from the prior-year reported figure.


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