BUZZ-PREVIEW: Schlumberger seen reporting higher rev, EPS on Fri

Shares of Schlumberger SLB.N are up 1% in afternoon trading on Thurs, with the oilfield services co expected to post a rise in rev and EPS in its quarterly results due before the bell on Fri

Analysts expect Q4 rev of $9.18 bln vs $8.99 bln in the yr-ago period and adj EPS of 90 cents vs 86 cents a yr ago, according to LSEG

The co has beaten or met analysts' expectations on earnings in all of the past eight reporting periods

Analysts at TD Cowen wrote in a recent note that SLB's 4Q EBITDA "seems to be on track with guidance, however it appears the outlook for 1Q and 2025 has soured from a few months ago."

"Our sense is SLB may guide to a sharp drop in 1Q with revenue declines of 8-10% and EBIT declines of 20-25% respectively," they added

The Wall Street median PT on the stock is $53; the stock was last at $41.09

Of 31 analyst recommendations, 26 rate "strong buy" or "buy", rest rate "hold"

With move on the session, SLB is up 7% YTD after falling about 26% in 2024. In comparison, the S&P 500 Energy sector .SPNY up 8% YTD after gaining about 2% in 2024

(Reporting by Caroline Valetkevitch)

((caroline.valetkevitch@thomsonreuters.com))