SLB N.V., listed on the New York Stock Exchange under the ticker SLB, is scheduled to release its financial results for the fourth quarter just before the opening bell on Friday, January 23. Market participants are closely watching the company’s performance amid expectations of earnings and revenue trends that suggest a nuanced business environment.
Analysts currently expect that SLB will report earnings per share (EPS) of 74 cents for the quarter. This forecast reflects a decline from the 92 cents per share earned during the same quarter in the previous year. Despite this anticipated dip in profitability, revenue projections signal a modest increase, with consensus estimates setting quarterly sales at approximately $9.55 billion, compared with $9.28 billion reported in last year's fourth quarter, according to data from Benzinga Pro.
Adding to the market’s interest in SLB’s outlook, the company disclosed on December 23 that it had secured a significant contract with Saudi Arabia’s leading oil company, Aramco. This new five-year agreement marks a notable commercial achievement and has the potential to provide a foundation for future business growth.
In trading activity preceding the earnings announcement, SLB shares appreciated by 1.7%, closing at $49.32 on Thursday. This movement reflects investor optimism, possibly influenced by recent contractual wins and analyst sentiment.
Recent updates from Sell-Side Analysts with demonstrated accuracy provide further insights into market expectations surrounding SLB.
- Stephen Gengaro of Stifel maintained a Buy recommendation for SLB while raising his price target from $48 to $52 as of January 21, 2026. Mr. Gengaro is known for an analyst accuracy rate of 73%, suggesting his assessment carries considerable weight among investors.
- Bascome Majors of Susquehanna upheld a Positive rating and increased the price target substantially from $42 to $52 on January 7, 2026. His forecast reflects a similarly strong conviction, with a past accuracy rate of 67%.
- James West, representing Evercore ISI Group, upgraded SLB from an In-Line to an Outperform stance on January 6, 2026. His analyst accuracy stands at 73%, aligning with top-tier predictive reliability.
- Derek Podhaizer from Piper Sandler kept an Overweight rating intact, raising the price target modestly from $42 to $45 on December 18, 2025. His consistent precision rate is also at 73%.
- David Anderson at Barclays maintained his Overweight rating but lowered the price target slightly from $48 to $47 as of December 17, 2025. Anderson's accuracy rate is quoted at 69%, indicating solid but slightly less certainty than some peers.
The combination of these analyst opinions portrays a cautiously constructive market stance on SLB’s near-term prospects, balancing positive revenue trends and contract gains against a forecasted earnings decline.
Investors considering opening or increasing positions in SLB stock might find value in these analyst insights. Market observers are reminded, however, that projections and ratings cannot guarantee future performance, and various factors could influence outcomes differently.
Recent trading data and analyst scores reflect SLB’s momentum and value positioning within the market. As of the latest figures, SLB exhibits strong momentum metrics while valuation indicators suggest a moderate price level, factors that some investors may consider favorable in their decision-making processes.
While comprehensive data on growth and quality ratings are limited, available rankings provide useful reference points for comparing SLB against other market players.
Key Points
- SLB is set to report Q4 earnings before market open on January 23, with EPS expected to decline from last year’s 92 cents to 74 cents.
- Revenue is projected to rise slightly to $9.55 billion, compared to $9.28 billion in the prior year’s comparable period.
- A new five-year contract with Saudi Aramco was announced in late December, highlighting ongoing business development.
- Multiple analysts have updated their price targets and ratings recently, predominantly reflecting positive adjustments.
Risks and Uncertainties
- The forecasted decrease in earnings per share introduces concerns about profitability pressures within SLB’s operations.
- Price target reductions, such as Barclays’ slight cut to $47, indicate some caution among analysts despite overall positive sentiment.
- Market conditions and execution challenges related to the new contract with Aramco may affect future revenue streams and cost structures.
- Uncertainty surrounding economic and sector-specific factors could impact SLB’s ability to meet or exceed analyst expectations.
SLB investors and market participants should continue to monitor the earnings announcement carefully, alongside analyst commentary and market reactions, to gauge the company’s trajectory in a dynamic industry environment.