Schlumberger stock steadies ahead of October earnings date

Published on 09/20/2026 at 15:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Schlumberger stock closed at USD 51.14 on the NYSE on September 18, 2026, below the average analyst target as investors eye Q3 results. The company is scheduled to report third quarter 2026 earnings on October 16, 2026 before the market opens.

Ölbohrturm im Wüstenfeld bei Sonnenuntergang mit Servicemannschaft am Bohrkopf — Schlumberger NV Bohrturm bei Sonnenuntergang im Ölfeld, ISIN US06520E1029, Arbeiter am Bohrkopf tätig, Illustration mit AI erstellt.

Schlumberger stock (ISIN US06520E1029) closed at USD 51.14 on the New York Stock Exchange on September 18, 2026, leaving the shares below the average analyst target and setting the stage for the next earnings release in mid-October 2026.

Q3 2026 earnings date and expectations

According to Ad-hoc-news on September 19, 2026, Schlumberger is scheduled to release its third quarter 2026 results on October 16, 2026 before the market opens, followed by a conference call that day at 9:30 a.m. Eastern Time.

As Ad-hoc-news reports, citing Yahoo Finance data, the Zacks Consensus Estimate for the upcoming report calls for earnings per share of USD 0.62 in the third quarter of 2026, which would represent a 10.14 percent decline compared with the same quarter a year earlier.

Recent price performance and valuation context

Per the same overview on September 19, 2026, Schlumberger shares ended the trading session on September 18, 2026 at USD 51.12 on the NYSE, marking a daily loss of 1.84 percent versus the previous close, while the broader S&P 500 index gained 0.17 percent on that day.

The article notes that over the prior month to September 18, 2026, Schlumberger stock fell 2.75 percent, compared with a 3.68 percent decline for the Business Services sector and a 1.29 percent loss for the S&P 500 index, indicating that the shares underperformed the broad market but held up slightly better than their sector peer group during that period.

Based on the recent data summarized by Ad-hoc-news, Schlumberger stock closed at USD 51.14 on the NYSE on September 18, 2026, with the shares trading below an average analyst target of USD 61.80, implying a double-digit upside potential from the current level if those targets are met.

Fundamentals and upcoming catalysts

The same corporate-news overview highlights that analysts maintain a Moderate Buy consensus on Schlumberger stock as of mid-September 2026, with expectations of continued revenue growth in fiscal 2026 despite near-term earnings pressure indicated by the projected 10.14 percent year-over-year decline in third quarter earnings per share.

According to EnergyNow in its report on April 19, 2026, SLB reported that net income fell 5.6 percent to USD 752 million in the first quarter of 2026 as disruptions from the conflict in Iran and related security conditions in parts of the Middle East and Asia weighed on oilfield activity.

In the same first quarter 2026 report, revenue from the Middle East and Asia region dropped 10 percent to USD 2.69 billion, reflecting production shut-in constraints, customer force majeure declarations and demobilization of operations in several countries, underscoring the sensitivity of Schlumberger’s business to geopolitical risk in key oil-producing regions.

For investors, the combination of a scheduled third quarter 2026 earnings release on October 16, 2026 and the lingering impact of first quarter 2026 disruptions in the Middle East and Asia means that upcoming commentary on regional activity and capital spending plans will be closely watched for signs of stabilization or further pressure on revenue and margins.

Stock level and market metrics

Schlumberger’s primary listing is on the New York Stock Exchange under the ticker SLB, and recent data compiled by Ad-hoc-news show that the company’s market capitalization stood at USD 77.29 billion as of September 19, 2026, positioning it as one of the larger constituents of the S&P 500 energy equipment and services segment.

With the shares at USD 51.14 on September 18, 2026 and the average analyst target at USD 61.80, the stock is trading at a notable discount to consensus expectations, while the recent one-month decline of 2.75 percent contrasts with a steeper 3.68 percent drop in the Business Services sector over the same period, suggesting that broader sector sentiment rather than company-specific news has been a key driver of short-term performance.

Against this backdrop, the next major catalyst for Schlumberger stock will be the third quarter 2026 earnings release on October 16, 2026, when management is expected to provide updated guidance for the rest of fiscal 2026 and more detail on how geopolitical and commodity-price dynamics are shaping demand for its oilfield services and technology offerings.