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Have you been eager to see how Halliburton Company (HAL - Free Report) – the world’s No. 2 oilfield-services company – performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Houston, TX-based company’s earnings release this morning:
About Halliburton: Halliburton is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, industrial, and government sectors. The company operates under two main segments: Completion and Production, and Drilling and Evaluation.
Coming to earnings surprise history, the company has an excellent track record: its beaten estimates in each of the last four quarters at an average rate of 78.90%.
Estimate Revision Trend: Investors should note that the earnings estimate revisions for Halliburton depicted pessimism prior to the earnings release. The Zacks Consensus Estimate fell 79% over the last 30 days.
We have highlighted some of the key details from the just-released announcement below:
A Better-than-Expected Profit: Adjusted income per share from continuing operation (excluding special items) came in at 4 cents, a penny ahead of the Zacks Consensus Estimate of 3 cents. Improved North American activity led to the outperformance.
Revenue Came in Lower than Expected: Halliburton posted revenues of $4,279 million, narrowly missing the Zacks Consensus Estimate of $4,281.4 million. However, revenues inched up 2% on a year-over-year basis.
Key Stats: Operating income from the Completion & Production segment was $147 million, growing significantly from the year-ago profit of $30 million. The division also improved from previous quarter’s income of $85 million.
But Halliburton’s Drilling & Evaluation unit profit dropped big time – from $241 million in the first quarter of 2016 to $122 million this year. The number was also way below the $248 million earned in the Dec quarter.
Check back later for our full write up on this Halliburton earnings report later!
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Halliburton (HAL) Q1 Earnings Beat Estimate, Misses Revenue
Have you been eager to see how Halliburton Company (HAL - Free Report) – the world’s No. 2 oilfield-services company – performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Houston, TX-based company’s earnings release this morning:
About Halliburton: Halliburton is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, industrial, and government sectors. The company operates under two main segments: Completion and Production, and Drilling and Evaluation.
Zacks Rank & Surprise History: Currently, Halliburton has a Zacks Rank #3 (Hold) but that could change following its first quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Coming to earnings surprise history, the company has an excellent track record: its beaten estimates in each of the last four quarters at an average rate of 78.90%.
Halliburton Company Price and EPS Surprise
Halliburton Company Price and EPS Surprise | Halliburton Company Quote
Estimate Revision Trend: Investors should note that the earnings estimate revisions for Halliburton depicted pessimism prior to the earnings release. The Zacks Consensus Estimate fell 79% over the last 30 days.
We have highlighted some of the key details from the just-released announcement below:
A Better-than-Expected Profit: Adjusted income per share from continuing operation (excluding special items) came in at 4 cents, a penny ahead of the Zacks Consensus Estimate of 3 cents. Improved North American activity led to the outperformance.
Revenue Came in Lower than Expected: Halliburton posted revenues of $4,279 million, narrowly missing the Zacks Consensus Estimate of $4,281.4 million. However, revenues inched up 2% on a year-over-year basis.
Key Stats: Operating income from the Completion & Production segment was $147 million, growing significantly from the year-ago profit of $30 million. The division also improved from previous quarter’s income of $85 million.
But Halliburton’s Drilling & Evaluation unit profit dropped big time – from $241 million in the first quarter of 2016 to $122 million this year. The number was also way below the $248 million earned in the Dec quarter.
Check back later for our full write up on this Halliburton earnings report later!
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now