Should Investors Steer Clear of SLB Stock After Strong Q3 Earnings? [Yahoo! Finance]
Baker Hughes Company (BKR)
Company Research
Source: Yahoo! Finance
growth from the Production Systems and Digital & Integration business segments. Despite the positive, the oilfield service giant's overall business outlook is not impressive. Before delving into the underlying reasons for the subdued outlook and addressing how investors should strategically position themselves regarding the stock, let's first review the third-quarter results. SLB's Q3 Earnings Snapshot On Oct. 18, SLB reported third-quarter 2024 earnings of 89 cents per share (excluding charges and credits), which beat the Zacks Consensus Estimate of 88 cents. The bottom line increased from the year-ago quarter's level of 78 cents. The oilfield service giant recorded quarterly revenues of $9.16 billion, which missed the Zacks Consensus Estimate of $9.28 billion. The top line, however, improved from the year-ago quarter's figure of $8.31 billion. For a detailed analysis, read our blog on third-quarter earnings: SLB Q3 Earnings Beat Estimates, Revenues Rise Year Over Year. Hal
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News
- Time to Assess SLB's Premium Stock Valuation: Buy, Sell, or Hold? [Yahoo! Finance]Yahoo! Finance
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BKR
Earnings
- 10/22/24 - Beat
BKR
Sec Filings
- 11/14/24 - Form 4
- 11/14/24 - Form 13F-HR
- 11/14/24 - Form 13F-NT
- BKR's page on the SEC website