SLB Likely To Report Lower Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

SLB N.V. (NYSE: SLB) will release its second quarter earnings report before the opening bell on Friday, July 24. Analysts expect the Houston, Texas-based company to report quarterly earnings of 52 cents per share, down from 74 cents per share in the year-ago period. The consensus estimate for SLB quarterly revenue is $8.68 billion. It reported $8.55 billion last year, according to Benzinga Pro.

On July 14, SLB announced an agreement with Liberty Energy Inc. (NYSE: LBRT) to form a strategic alliance for data center infrastructure and power. SLB shares fell 0.9% to close at $47.22 on Thursday.