SLB: Jefferies' forecasts for Q2

Published: 2025-06-26 10:10:36 ET SLB

Published on 06/26/2025 at 10:10, updated on 06/26/2025 at 10:11

Jefferies confirms its buy rating on Schlumberger shares with an unchanged target price of $53.Jefferies expects EBITDA of $2.02bn in Q2 2025, stable compared to the previous quarter (-3% compared to the analyst's previous estimate) and in line with the group's operational update.The broker also forecasts revenue of $8.5bn in the quarter (unchanged from the previous quarter), with earnings per share of $0.72. Investors should focus on the completion of the ChampionX acquisition, expected in early Q3, as well as the revenue and margin outlook for H2.The analyst also highlights the importance of expected contributions from Saudi Arabia and Latin America, as well as additional details on the development of the digital business.Copyright (c) 2025 CercleFinance.com. All rights reserved.The information and analyses published by Cercle Finance are provided solely as a decision-making aid for investors. Cercle Finance cannot be held liable, directly or indirectly, for the use of the information and analysis by its readers. Anyone who is not an expert in the field should consult a professional advisor before investing. This information is provided for informational purposes only and does not constitute an offer to sell or a solicitation to buy.