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Halliburton (HAL) Surpasses Market Returns: Some Facts Worth Knowing
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Halliburton (HAL - Free Report) closed at $27.83 in the latest trading session, marking a +1.57% move from the prior day. This move outpaced the S&P 500's daily gain of 0.11%. Elsewhere, the Dow lost 0.07%, while the tech-heavy Nasdaq added 0.22%.
The provider of drilling services to oil and gas operators's stock has climbed by 1.11% in the past month, falling short of the Oils-Energy sector's gain of 3.17% and outpacing the S&P 500's gain of 0.08%.
Analysts and investors alike will be keeping a close eye on the performance of Halliburton in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.54, marking a 22.86% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $5.39 billion, down 3.92% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.26 per share and a revenue of $21.87 billion, demonstrating changes of -24.41% and -4.69%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in 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 business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.33% increase. As of now, Halliburton holds a Zacks Rank of #3 (Hold).
In terms of valuation, Halliburton is presently being traded at a Forward P/E ratio of 12.14. This expresses a discount compared to the average Forward P/E of 20.51 of its industry.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Halliburton (HAL) Surpasses Market Returns: Some Facts Worth Knowing
Halliburton (HAL - Free Report) closed at $27.83 in the latest trading session, marking a +1.57% move from the prior day. This move outpaced the S&P 500's daily gain of 0.11%. Elsewhere, the Dow lost 0.07%, while the tech-heavy Nasdaq added 0.22%.
The provider of drilling services to oil and gas operators's stock has climbed by 1.11% in the past month, falling short of the Oils-Energy sector's gain of 3.17% and outpacing the S&P 500's gain of 0.08%.
Analysts and investors alike will be keeping a close eye on the performance of Halliburton in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.54, marking a 22.86% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $5.39 billion, down 3.92% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.26 per share and a revenue of $21.87 billion, demonstrating changes of -24.41% and -4.69%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in 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 business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.33% increase. As of now, Halliburton holds a Zacks Rank of #3 (Hold).
In terms of valuation, Halliburton is presently being traded at a Forward P/E ratio of 12.14. This expresses a discount compared to the average Forward P/E of 20.51 of its industry.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.