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Halliburton (HAL) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
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Wall Street analysts forecast that Halliburton (HAL - Free Report) will report quarterly earnings of $0.58 per share in its upcoming release, pointing to no change from the year-ago quarter. It is anticipated that revenues will amount to $5.59 billion, exhibiting a decrease of 0.1% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Halliburton metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Revenue- Drilling and Evaluation' at $2.41 billion. The estimate indicates a change of +1.5% from the prior-year quarter.
The consensus estimate for 'Revenue- Completion and Production' stands at $3.16 billion. The estimate suggests a change of -1.8% year over year.
It is projected by analysts that the 'Revenue- Latin America' will reach $1.06 billion. The estimate suggests a change of +6.8% year over year.
The combined assessment of analysts suggests that 'Revenue- Europe/Africa/CIS' will likely reach $924.18 million. The estimate indicates a year-over-year change of +11.6%.
Analysts predict that the 'Revenue- North America' will reach $2.29 billion. The estimate suggests a change of -3% year over year.
The consensus among analysts is that 'Revenue- Middle East/Asia' will reach $1.30 billion. The estimate points to a change of -7.9% from the year-ago quarter.
Analysts forecast 'Operating income- Completion and Production' to reach $515.78 million. The estimate is in contrast to the year-ago figure of $514.00 million.
Based on the collective assessment of analysts, 'Operating income- Drilling and Evaluation' should arrive at $338.14 million. The estimate compares to the year-ago value of $348.00 million.
Over the past month, Halliburton shares have recorded returns of -3.4% versus the Zacks S&P 500 composite's +2.4% change. Based on its Zacks Rank #3 (Hold), HAL will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Halliburton (HAL) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Wall Street analysts forecast that Halliburton (HAL - Free Report) will report quarterly earnings of $0.58 per share in its upcoming release, pointing to no change from the year-ago quarter. It is anticipated that revenues will amount to $5.59 billion, exhibiting a decrease of 0.1% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Halliburton metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Revenue- Drilling and Evaluation' at $2.41 billion. The estimate indicates a change of +1.5% from the prior-year quarter.
The consensus estimate for 'Revenue- Completion and Production' stands at $3.16 billion. The estimate suggests a change of -1.8% year over year.
It is projected by analysts that the 'Revenue- Latin America' will reach $1.06 billion. The estimate suggests a change of +6.8% year over year.
The combined assessment of analysts suggests that 'Revenue- Europe/Africa/CIS' will likely reach $924.18 million. The estimate indicates a year-over-year change of +11.6%.
Analysts predict that the 'Revenue- North America' will reach $2.29 billion. The estimate suggests a change of -3% year over year.
The consensus among analysts is that 'Revenue- Middle East/Asia' will reach $1.30 billion. The estimate points to a change of -7.9% from the year-ago quarter.
Analysts forecast 'Operating income- Completion and Production' to reach $515.78 million. The estimate is in contrast to the year-ago figure of $514.00 million.
Based on the collective assessment of analysts, 'Operating income- Drilling and Evaluation' should arrive at $338.14 million. The estimate compares to the year-ago value of $348.00 million.
View all Key Company Metrics for Halliburton here>>>Over the past month, Halliburton shares have recorded returns of -3.4% versus the Zacks S&P 500 composite's +2.4% change. Based on its Zacks Rank #3 (Hold), HAL will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .