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Halliburton (HAL) Suffers a Larger Drop Than the General Market: Key Insights
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Halliburton (HAL - Free Report) closed at $33.01 in the latest trading session, marking a -2.77% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.66%.
Prior to today's trading, shares of the provider of drilling services to oil and gas operators had lost 15.4% lagged the Oils-Energy sector's loss of 4.76% and the S&P 500's loss of 1.21%.
The upcoming earnings release of Halliburton will be of great interest to investors. The company's earnings report is expected on July 21, 2026. On that day, Halliburton is projected to report earnings of $0.54 per share, which would represent a year-over-year decline of 1.82%. Our most recent consensus estimate is calling for quarterly revenue of $5.48 billion, down 0.5% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.34 per share and a revenue of $22.23 billion, demonstrating changes of -3.31% and +0.21%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Halliburton. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Halliburton currently has a Zacks Rank of #2 (Buy).
Looking at valuation, Halliburton is presently trading at a Forward P/E ratio of 14.49. This represents a discount compared to its industry average Forward P/E of 21.44.
Also, we should mention that HAL has a PEG ratio of 1.47. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Oil and Gas - Field Services industry held an average PEG ratio of 2.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 162, this industry ranks in the bottom 35% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
View the Zacks #1 Rank List
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Halliburton (HAL) Suffers a Larger Drop Than the General Market: Key Insights
Halliburton (HAL - Free Report) closed at $33.01 in the latest trading session, marking a -2.77% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.66%.
Prior to today's trading, shares of the provider of drilling services to oil and gas operators had lost 15.4% lagged the Oils-Energy sector's loss of 4.76% and the S&P 500's loss of 1.21%.
The upcoming earnings release of Halliburton will be of great interest to investors. The company's earnings report is expected on July 21, 2026. On that day, Halliburton is projected to report earnings of $0.54 per share, which would represent a year-over-year decline of 1.82%. Our most recent consensus estimate is calling for quarterly revenue of $5.48 billion, down 0.5% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.34 per share and a revenue of $22.23 billion, demonstrating changes of -3.31% and +0.21%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Halliburton. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Halliburton currently has a Zacks Rank of #2 (Buy).
Looking at valuation, Halliburton is presently trading at a Forward P/E ratio of 14.49. This represents a discount compared to its industry average Forward P/E of 21.44.
Also, we should mention that HAL has a PEG ratio of 1.47. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Oil and Gas - Field Services industry held an average PEG ratio of 2.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 162, this industry ranks in the bottom 35% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.