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Halliburton (HAL) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended December 2023, Halliburton (HAL - Free Report) reported revenue of $5.74 billion, up 2.8% over the same period last year. EPS came in at $0.86, compared to $0.72 in the year-ago quarter.
The reported revenue represents a surprise of -0.80% over the Zacks Consensus Estimate of $5.79 billion. With the consensus EPS estimate being $0.80, the EPS surprise was +7.50%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Halliburton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Latin America: $1.03 billion compared to the $1.05 billion average estimate based on five analysts. The reported number represents a change of +9% year over year.
Revenues- Europe/Africa/CIS: $767 million compared to the $739.50 million average estimate based on five analysts. The reported number represents a change of +16.7% year over year.
Revenues- North America: $2.42 billion versus $2.52 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -7.2% change.
Revenues- Middle East/Asia: $1.52 billion versus $1.47 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11% change.
Revenues- Drilling and Evaluation: $2.42 billion versus $2.43 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +0.9% change.
Revenues- Completion and Production: $3.32 billion compared to the $3.36 billion average estimate based on seven analysts. The reported number represents a change of +4.2% year over year.
Adjusted operating income- Completion and Production: $716 million versus the six-analyst average estimate of $703.34 million.
Adjusted operating income- Drilling and Evaluation: $420 million compared to the $420.80 million average estimate based on six analysts.
Operating income (loss)- Corporate and other: -$63 million compared to the -$73.68 million average estimate based on three analysts.
Shares of Halliburton have returned -5.9% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Halliburton (HAL) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2023, Halliburton (HAL - Free Report) reported revenue of $5.74 billion, up 2.8% over the same period last year. EPS came in at $0.86, compared to $0.72 in the year-ago quarter.
The reported revenue represents a surprise of -0.80% over the Zacks Consensus Estimate of $5.79 billion. With the consensus EPS estimate being $0.80, the EPS surprise was +7.50%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Halliburton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Latin America: $1.03 billion compared to the $1.05 billion average estimate based on five analysts. The reported number represents a change of +9% year over year.
- Revenues- Europe/Africa/CIS: $767 million compared to the $739.50 million average estimate based on five analysts. The reported number represents a change of +16.7% year over year.
- Revenues- North America: $2.42 billion versus $2.52 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -7.2% change.
- Revenues- Middle East/Asia: $1.52 billion versus $1.47 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11% change.
- Revenues- Drilling and Evaluation: $2.42 billion versus $2.43 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +0.9% change.
- Revenues- Completion and Production: $3.32 billion compared to the $3.36 billion average estimate based on seven analysts. The reported number represents a change of +4.2% year over year.
- Adjusted operating income- Completion and Production: $716 million versus the six-analyst average estimate of $703.34 million.
- Adjusted operating income- Drilling and Evaluation: $420 million compared to the $420.80 million average estimate based on six analysts.
- Operating income (loss)- Corporate and other: -$63 million compared to the -$73.68 million average estimate based on three analysts.
View all Key Company Metrics for Halliburton here>>>Shares of Halliburton have returned -5.9% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.