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Halliburton (HAL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Halliburton (HAL - Free Report) closed the most recent trading day at $32.43, moving -1.01% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.77% for the day. Meanwhile, the Dow lost 0.67%, and the Nasdaq, a tech-heavy index, lost 0.92%.
The stock of provider of drilling services to oil and gas operators has fallen by 9.45% in the past month, lagging the Oils-Energy sector's gain of 1.13% and the S&P 500's gain of 0.96%.
The upcoming earnings release of Halliburton will be of great interest to investors. The company's earnings report is expected on October 20, 2026. The company is predicted to post an EPS of $0.58, indicating constancy compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $5.59 billion, reflecting a 0.13% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.34 per share and a revenue of $22.39 billion, indicating changes of -3.31% and +0.94%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Halliburton. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Halliburton is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Halliburton is currently exchanging hands at a Forward P/E ratio of 13.99. This indicates a discount in contrast to its industry's Forward P/E of 22.03.
Meanwhile, HAL's PEG ratio is currently 1.89. 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. The average PEG ratio for the Oil and Gas - Field Services industry stood at 1.89 at the close of the market yesterday.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 78, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HAL in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Halliburton (HAL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Halliburton (HAL - Free Report) closed the most recent trading day at $32.43, moving -1.01% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.77% for the day. Meanwhile, the Dow lost 0.67%, and the Nasdaq, a tech-heavy index, lost 0.92%.
The stock of provider of drilling services to oil and gas operators has fallen by 9.45% in the past month, lagging the Oils-Energy sector's gain of 1.13% and the S&P 500's gain of 0.96%.
The upcoming earnings release of Halliburton will be of great interest to investors. The company's earnings report is expected on October 20, 2026. The company is predicted to post an EPS of $0.58, indicating constancy compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $5.59 billion, reflecting a 0.13% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.34 per share and a revenue of $22.39 billion, indicating changes of -3.31% and +0.94%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Halliburton. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Halliburton is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Halliburton is currently exchanging hands at a Forward P/E ratio of 13.99. This indicates a discount in contrast to its industry's Forward P/E of 22.03.
Meanwhile, HAL's PEG ratio is currently 1.89. 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. The average PEG ratio for the Oil and Gas - Field Services industry stood at 1.89 at the close of the market yesterday.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 78, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HAL in the coming trading sessions, be sure to utilize Zacks.com.