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Halliburton (HAL) Q4 Earnings and Revenue Beat Estimates
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Earnings: World’s No. 2 oilfield-services company Halliburton Company (HAL - Free Report) reported fourth quarter adjusted net income per share of 32 cents, beating the Zacks Consensus Estimate of 29 cents.
Estimate Revision Trend & Surprise History:Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last 60 days.
Nonetheless, Halliburton have a decent earnings surprise history. The company beat/matched estimates in two of the prior four quarters, as shown in the chart below:
Overall, the company has a positive earnings surprise of 6.87% in the trailing four quarters.
Revenues: Halliburton posted revenues of $5.2 billion, which were lower than the year-ago quarter figure of $5.9 billion but surpassed the Zacks Consensus Estimate by 2.06%.
Key Stats: Operating income from the Completion & Production segment was $387 million, lower than the year-ago level of $496 million. Our current consensus estimates called for a lower operating income of $366 million.
Halliburton’s Drilling & Evaluation unit profit improved from $185 million in the fourth quarter of 2018 to $224 million this year. However, the number was below the Zacks Consensus Estimate of $258 million.
Zacks Rank: Currently, Halliburton carries a Zacks Rank #3 (Hold).
Check back later for our full write up on this Halliburton earnings report later!
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Halliburton (HAL) Q4 Earnings and Revenue Beat Estimates
Earnings: World’s No. 2 oilfield-services company Halliburton Company (HAL - Free Report) reported fourth quarter adjusted net income per share of 32 cents, beating the Zacks Consensus Estimate of 29 cents.
Estimate Revision Trend & Surprise History:Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last 60 days.
Nonetheless, Halliburton have a decent earnings surprise history. The company beat/matched estimates in two of the prior four quarters, as shown in the chart below:
Halliburton Company Price and EPS Surprise
Halliburton Company price-eps-surprise | Halliburton Company Quote
Overall, the company has a positive earnings surprise of 6.87% in the trailing four quarters.
Revenues: Halliburton posted revenues of $5.2 billion, which were lower than the year-ago quarter figure of $5.9 billion but surpassed the Zacks Consensus Estimate by 2.06%.
Key Stats: Operating income from the Completion & Production segment was $387 million, lower than the year-ago level of $496 million. Our current consensus estimates called for a lower operating income of $366 million.
Halliburton’s Drilling & Evaluation unit profit improved from $185 million in the fourth quarter of 2018 to $224 million this year. However, the number was below the Zacks Consensus Estimate of $258 million.
Zacks Rank: Currently, Halliburton carries a Zacks Rank #3 (Hold).
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this Halliburton earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>