Advertisement
Singapore markets closed

  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     

  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • Bitcoin USD

    63,792.12
    +3,119.46 (+5.14%)
     

  • CMC Crypto 200

    1,372.32
    +59.70 (+4.55%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • Dow

    37,986.40
    +211.02 (+0.56%)
     

  • Nasdaq

    15,282.01
    -319.49 (-2.05%)
     

  • Gold

    2,406.70
    +8.70 (+0.36%)
     

  • Crude Oil

    83.24
    +0.51 (+0.62%)
     

  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     

  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     

  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     

  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

Halliburton (HAL) Q1 Earnings In Line, Revenue Beat Estimate

Zacks Equity Research

In-Line Earnings:World’s No. 2 oilfield-services company Halliburton Company HAL reported first quarter adjusted net income per share of 23 cents, same as the Zacks Consensus Estimate.

Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last 7 days.

Nonetheless, Halliburton have an impressive earnings surprise history. The company beat/matched estimates in three of the prior four quarters, as shown in the chart below:

Overall, the company has a positive earnings surprise of 2.79% in the trailing four quarters.

ADVERTISEMENT

Halliburton Company Price and EPS Surprise

 

Halliburton Company Price and EPS Surprise | Halliburton Company Quote

Revenues: Halliburton posted revenues of 5.7 billion, which were approximately flat with the year-ago quarter and scraped past the Zacks Consensus Estimate by 3.5%.

Key Stats: Operating income from the Completion & Production segment was $368 million, lower than the year-ago level of $500 million. Our current consensus estimates called for a lower operating income of $335 million.

Halliburton’s Drilling & Evaluation unit profit deteriorated from $188 million in the first quarter of 2018 to $123 million this year. The number was also below the Zacks Consensus Estimate of $146 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!

Is Your Investment Advisor Fumbling Your Financial Future?

See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.

Click to get it free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Halliburton Company (HAL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research