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Halliburton (HAL) Q2 Earnings Miss Estimate, Revenues Beat
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Earnings Miss: World’s No. 2 oilfield-services company Halliburton Company (HAL - Free Report) reported second quarter income per share from continuing operation of 58 cent, lower than the Zacks Consensus Estimate of 59 cents.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last 30 days.
Nonetheless, Halliburton have an impressive earnings surprise history. Before posting the earnings miss in Q2, the company delivered positive surprises in three of the prior four quarters, as shown in the chart below:
Overall, the company has a positive earnings surprise of 11.70% in the trailing four quarters.
Revenues: Halliburton posted revenues of $6,147 million, beating the Zacks Consensus Estimate of $6,110 million. Moreover, it compared favorably with the year-ago number of $4,957 million.
Key Stats: Operating income from the Completion & Production segment was $669 million, significantly higher than the year-ago level of $397 million. Our current consensus estimates called for a higher operating income of $688 million.
Halliburton’s Drilling & Evaluation unit profit improved from $125 million in the second quarter of 2017 to $191 million this year. But the number was below the Zacks Consensus Estimate of $199 million.
Zacks Rank: Currently, Halliburton carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
Check back later for our full write up on this Halliburton earnings report later!
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Halliburton (HAL) Q2 Earnings Miss Estimate, Revenues Beat
Earnings Miss: World’s No. 2 oilfield-services company Halliburton Company (HAL - Free Report) reported second quarter income per share from continuing operation of 58 cent, lower than the Zacks Consensus Estimate of 59 cents.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last 30 days.
Nonetheless, Halliburton have an impressive earnings surprise history. Before posting the earnings miss in Q2, the company delivered positive surprises in three of the prior four quarters, as shown in the chart below:
Halliburton Company Price and EPS Surprise
Halliburton Company Price and EPS Surprise | Halliburton Company Quote
Overall, the company has a positive earnings surprise of 11.70% in the trailing four quarters.
Revenues: Halliburton posted revenues of $6,147 million, beating the Zacks Consensus Estimate of $6,110 million. Moreover, it compared favorably with the year-ago number of $4,957 million.
Key Stats: Operating income from the Completion & Production segment was $669 million, significantly higher than the year-ago level of $397 million. Our current consensus estimates called for a higher operating income of $688 million.
Halliburton’s Drilling & Evaluation unit profit improved from $125 million in the second quarter of 2017 to $191 million this year. But the number was below the Zacks Consensus Estimate of $199 million.
Zacks Rank: Currently, Halliburton carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this Halliburton earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>