SLB (SLB) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.64
- Estimate
- $0.61
- Surprise
- +4.1%
- Score at report (before → after)
- 5.0 → 5.2/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
SLB (SLB) beat the $0.61 estimate with adjusted EPS of $0.64 — a clear 4.1% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.0/10) to Sell at 5.2/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates SLB Sell at 5.0/10.
4 of the last 4 quarters beat the estimate; this quarter's +4.1% surprise compares with a +4.1% four-quarter average. Next scheduled report: 2027-01-22.
What argues against it
- Concentration risk — Geographic: non-US operations (82.0%)
- Quality below floor (3.9 < 4.0)
- Reward/Risk 0.3:1 at current price — below 1.5:1 minimum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $54.16
- Price target
- $56.14
- Stop
- $50.98
- Upside to target
- +3.7%
- Reward-to-risk
- 0.3:1
The stock trades at 26.1× trailing but 17.4× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 74 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
SLB at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas Equipment & Services
- Market cap
- $79.33B
- P/E (fwd)
- 17.4
- P/E (ttm)
- 26.1
- 52-week range
- $34.65–$60.46
- Off 52-week high
- 10.4%
- RSI (14)
- 74
- Volume vs avg
- 0.04×
- Score today
- 5.0/10