Analysts expect Regions to post fourth-quarter revenue of $1.95 billion, up 3.7% sequentially and 19.6% higher year over year. Adjusted EPS are forecast at $0.65, up 16.1% sequentially and by 47.7% year over year. For the full 2022 fiscal year, Regions is expected to report revenue of $7.19 billion, up 10.9%, and EPS of $2.37, down 5.9%.
The stock trades at around 9.5 times expected 2022 EPS, 9.0 times estimated 2023 earnings of $2.49 and 8.8 times estimated 2024 earnings of $2.54. The stock’s 52-week range is $18.01 to $25.57. The bank pays an annual dividend of $0.80 (yield of 3.57%). Total shareholder return for the past year was negative 8.7%.
The largest U.S.-based oilfield services company, Schlumberger Ltd. (NYSE: SLB), has seen its stock price rise by nearly 55% over the past 12 months. That is well better than at Halliburton, which sported a gain of around 48%, and Baker Hughes, which gained about 15% in the past year. There is no big secret to the company’s success: increased oil production creates demand for the services Schlumberger provides. Given the relatively low cost of production relative to the high price of crude oil, producers are willing to pay more for services. It is that thing about making hay when the sun shines.
Analysts remain solidly bullish on the stock. Of 29 brokerages covering it, 25 have a Buy or Strong Buy rating. The other four rate shares at Hold. At a price of around $58.50 a share, the implied upside based on a median price target of $60.00 is about 2.6%. At the high target of $70.00, the upside potential is 19.7%.
Fourth-quarter revenue is forecast at $7.79 billion. That would be up 4.2% sequentially and 25.0% higher year over year. Adjusted EPS are forecast at $0.68, up 7.4% sequentially and by 65.9% year over year. For the full 2022 fiscal year, analysts expect Schlumberger to post EPS of $2.16, up 68.7%, on sales of $28.03 billion, up 22.3%.
Schlumberger shares trade at 27.1 times expected 2022 EPS, 19.6 times estimated 2023 earnings of $2.98 and 16.0 times estimated 2024 earnings of $3.64 per share. The stock’s 52-week range is $30.65 to $58.92. Schlumberger pays an annual dividend of $0.70 (yield of 1.2%). Over the past 12 months, total shareholder return was 56.9%.
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