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Halliburton (HAL) Stock Moves -0.4%: What You Should Know
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In the latest trading session, Halliburton (HAL - Free Report) closed at $24.64, marking a -0.4% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.11%. At the same time, the Dow lost 1.54%, and the tech-heavy Nasdaq lost 0.3%.
Heading into today, shares of the provider of drilling services to oil and gas operators had lost 17.89% over the past month, lagging the Oils-Energy sector's loss of 11.61% and the S&P 500's loss of 8.19% in that time.
Halliburton will be looking to display strength as it nears its next earnings release, which is expected to be October 25, 2022. In that report, analysts expect Halliburton to post earnings of $0.55 per share. This would mark year-over-year growth of 96.43%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.32 billion, up 37.84% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.01 per share and revenue of $20.24 billion, which would represent changes of +86.11% and +32.36%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Halliburton. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.06% lower within the past month. Halliburton is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Halliburton's current valuation metrics, including its Forward P/E ratio of 12.3. This valuation marks a discount compared to its industry's average Forward P/E of 16.6.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 18, which puts it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Halliburton (HAL) Stock Moves -0.4%: What You Should Know
In the latest trading session, Halliburton (HAL - Free Report) closed at $24.64, marking a -0.4% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.11%. At the same time, the Dow lost 1.54%, and the tech-heavy Nasdaq lost 0.3%.
Heading into today, shares of the provider of drilling services to oil and gas operators had lost 17.89% over the past month, lagging the Oils-Energy sector's loss of 11.61% and the S&P 500's loss of 8.19% in that time.
Halliburton will be looking to display strength as it nears its next earnings release, which is expected to be October 25, 2022. In that report, analysts expect Halliburton to post earnings of $0.55 per share. This would mark year-over-year growth of 96.43%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.32 billion, up 37.84% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.01 per share and revenue of $20.24 billion, which would represent changes of +86.11% and +32.36%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Halliburton. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.06% lower within the past month. Halliburton is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Halliburton's current valuation metrics, including its Forward P/E ratio of 12.3. This valuation marks a discount compared to its industry's average Forward P/E of 16.6.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 18, which puts it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.