Schlumberger and Honeywell International plan to unveil their respective first-quarter financial results of the fiscal year 2017 in the pre-market hours on Friday, April 21. Historically, both companies have managed to meet analysts' expectations successfully. However, this time analysts anticipate that Schlumberger and Honeywell International would outperform their forecasts on the top and bottom lines.
Schlumberger Limited. (NYSE:SLB) is expected to post the results for 1QFY17. For the first quarter, the Street analysts anticipate that Schlumberger would report 25 cents in EPS, against Earnings Whispers’ prediction of 28 cents. However, the Street analysts have already factored in approximately 37.5% year-over-year decline in earnings, coupled with a 7.41% quarter-over-quarter reduction on the bottom line.
For 1QFY17, the consensus expects that the company will report $7.02 billion revenues. In contrast, Estimize predicts that Schlumberger would report $7.04 billion net sales for the season. Nonetheless, both estimates fall slightly below company’s previous quarter net sales of $7.1 billion. Additionally, Schlumberger's revenues clocked in at $6.5 billion for the same period of the last year.
The Wall Street analysts have also set Honeywell International Inc. (NYSE:HON) consensus EPS to estimate at $1.62, two cents lower than the forecasted value announced by Estimize. Moreover, the company announced $1.53 in profits per share for the same period of the last year, whereas its fourth-quarter earnings clocked in at $1.74 in the last year.
Thomson Reuters’ data also suggests that consensus looks forward to $9.33 billion revenues from Honeywell. However, Estimize forecasts a beat over the Street’s top line predictions, with its top-line projection of $9.37 billion. Furthermore, the company’s revenues clocked in at $9.5 billion for the first quarter of the last year, while its previous quarter net sales totaled $10.0 billion, both above the estimates laid out by analysts for the recent season.