Schlumberger  (SLB - Get Report) is expected to report net income of $562.6 million, or 40 cents a share, on sales of $8.5 billion before the market opens on Friday, based on a FactSet survey of 29 analysts.

In the same period a year ago, the company posted earnings of 46 cents a share on sales of $8.5 billion. It reported net income of $430 million.

The stock has fallen 17.5% since the company last reported earnings on July 19.

Quarterly estimates have fallen less than 1 cent a share in the past month.

In the upcoming quarter, analysts are forecasting net income of $564.8 million, or 40 cents a share, on sales of $8.5 billion.

Schlumberger is currently trading at a price-to-forward-earnings ratio of 18.3 based on the 12-month estimates of 33 analysts surveyed by FactSet.

Schlumberger is a holding in Jim Cramer's Action Alerts Plus portfolio. CLlck here now to get more from Action Alerts PLUS.

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