Earnings: World’s No. 2 oilfield-services company Halliburton Company (HAL - Free Report) reported fourth quarter adjusted net income per share of 32 cents, beating the Zacks Consensus Estimate of 29 cents.
Estimate Revision Trend & Surprise History:Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last 60 days.
Nonetheless, Halliburton have a decent earnings surprise history. The company beat/matched estimates in two of the prior four quarters, as shown in the chart below:
Overall, the company has a positive earnings surprise of 6.87% in the trailing four quarters.
Revenues: Halliburton posted revenues of $5.2 billion, which were lower than the year-ago quarter figure of $5.9 billion but surpassed the Zacks Consensus Estimate by 2.06%.
Key Stats: Operating income from the Completion & Production segment was $387 million, lower than the year-ago level of $496 million. Our current consensus estimates called for a lower operating income of $366 million.
Halliburton’s Drilling & Evaluation unit profit improved from $185 million in the fourth quarter of 2018 to $224 million this year. However, the number was below the Zacks Consensus Estimate of $258 million.
Zacks Rank: Currently, Halliburton carries a Zacks Rank #3 (Hold).
(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!
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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.
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Earnings: World’s No. 2 oilfield-services company Halliburton Company (HAL - Free Report) reported fourth quarter adjusted net income per share of 32 cents, beating the Zacks Consensus Estimate of 29 cents.
Estimate Revision Trend & Surprise History:Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last 60 days.
Nonetheless, Halliburton have a decent earnings surprise history. The company beat/matched estimates in two of the prior four quarters, as shown in the chart below:
Overall, the company has a positive earnings surprise of 6.87% in the trailing four quarters.
Revenues: Halliburton posted revenues of $5.2 billion, which were lower than the year-ago quarter figure of $5.9 billion but surpassed the Zacks Consensus Estimate by 2.06%.
Key Stats: Operating income from the Completion & Production segment was $387 million, lower than the year-ago level of $496 million. Our current consensus estimates called for a lower operating income of $366 million.
Halliburton’s Drilling & Evaluation unit profit improved from $185 million in the fourth quarter of 2018 to $224 million this year. However, the number was below the Zacks Consensus Estimate of $258 million.
Zacks Rank: Currently, Halliburton carries a Zacks Rank #3 (Hold).
(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!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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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