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Why Halliburton (HAL) Outpaced the Stock Market Today
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Halliburton (HAL - Free Report) closed at $32.78 in the latest trading session, marking a +2.92% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.66%. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 1.05%.
Coming into today, shares of the provider of drilling services to oil and gas operators had lost 14.08% in the past month. In that same time, the Oils-Energy sector lost 2.73%, while the S&P 500 gained 0.55%.
Market participants will be closely following the financial results of Halliburton in its upcoming release. The company plans to announce its earnings on October 20, 2026. On that day, Halliburton is projected to report earnings of $0.58 per share, which would represent no growth from the year-ago period. Meanwhile, the latest consensus estimate predicts the revenue to be $5.59 billion, indicating a 0.13% decrease compared to the same quarter of the previous 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.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Halliburton. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Halliburton is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Halliburton has a Forward P/E ratio of 13.6 right now. This denotes a discount relative to the industry average Forward P/E of 21.12.
One should further note that HAL currently holds a PEG ratio of 1.84. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Oil and Gas - Field Services industry was having an average PEG ratio of 1.84.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 90, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Why Halliburton (HAL) Outpaced the Stock Market Today
Halliburton (HAL - Free Report) closed at $32.78 in the latest trading session, marking a +2.92% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.66%. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 1.05%.
Coming into today, shares of the provider of drilling services to oil and gas operators had lost 14.08% in the past month. In that same time, the Oils-Energy sector lost 2.73%, while the S&P 500 gained 0.55%.
Market participants will be closely following the financial results of Halliburton in its upcoming release. The company plans to announce its earnings on October 20, 2026. On that day, Halliburton is projected to report earnings of $0.58 per share, which would represent no growth from the year-ago period. Meanwhile, the latest consensus estimate predicts the revenue to be $5.59 billion, indicating a 0.13% decrease compared to the same quarter of the previous 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.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Halliburton. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Halliburton is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Halliburton has a Forward P/E ratio of 13.6 right now. This denotes a discount relative to the industry average Forward P/E of 21.12.
One should further note that HAL currently holds a PEG ratio of 1.84. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Oil and Gas - Field Services industry was having an average PEG ratio of 1.84.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 90, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.