Have you been eager to see how Halliburton Company (HAL - Free Report) – the world’s No. 2 oilfield-services company – performed in Q3 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 third 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 67.17%.
We have highlighted some of the key details from the just-released announcement below:
A Better-than-Expected Profit: Income per share from continuing operation came in at 42 cents, higher than the Zacks Consensus Estimate of 38 cents. Improved activity and pricing in North America led to the outperformance.
Revenue Came in Higher than Expected: Halliburton posted revenues of $5,444 million, beating the Zacks Consensus Estimate of $5,319.0 million.
Key Stats: Operating income from the Completion & Production segment was $525 million, significantly higher than the year-ago level of $24 million. The division also improved from previous quarter’s income of $397 million.
Halliburton’s Drilling & Evaluation unit profit improved from $151 million in the third quarter of 2016 to $180 million this year. The number was also above the $125 million earned in the June quarter.
Check back later for our full write up on this Halliburton earnings report later!
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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 Q3 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 third 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 67.17%.
We have highlighted some of the key details from the just-released announcement below:
A Better-than-Expected Profit: Income per share from continuing operation came in at 42 cents, higher than the Zacks Consensus Estimate of 38 cents. Improved activity and pricing in North America led to the outperformance.
Revenue Came in Higher than Expected: Halliburton posted revenues of $5,444 million, beating the Zacks Consensus Estimate of $5,319.0 million.
Key Stats: Operating income from the Completion & Production segment was $525 million, significantly higher than the year-ago level of $24 million. The division also improved from previous quarter’s income of $397 million.
Halliburton’s Drilling & Evaluation unit profit improved from $151 million in the third quarter of 2016 to $180 million this year. The number was also above the $125 million earned in the June quarter.
Check back later for our full write up on this Halliburton earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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