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Compared to Estimates, Halliburton (HAL) Q4 Earnings: A Look at Key Metrics

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For the quarter ended December 2022, Halliburton (HAL - Free Report) reported revenue of $5.58 billion, up 30.5% over the same period last year. EPS came in at $0.72, compared to $0.36 in the year-ago quarter.

The reported revenue represents a surprise of +0.05% over the Zacks Consensus Estimate of $5.58 billion. With the consensus EPS estimate being $0.67, the EPS surprise was +7.46%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Halliburton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenue-Latin America: $945 million versus the four-analyst average estimate of $882 million. The reported number represents a year-over-year change of +41.3%.
  • Revenue-Europe/Africa/CIS: $657 million compared to the $694.83 million average estimate based on four analysts. The reported number represents a change of -10% year over year.
  • Revenue-North America: $2.61 billion versus $2.68 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +46.4% change.
  • Revenue-Middle East/Asia: $1.37 billion versus the four-analyst average estimate of $1.31 billion. The reported number represents a year-over-year change of +25%.
  • Revenue-Drilling and Evaluation: $2.40 billion versus $2.32 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +24.9% change.
  • Revenue-Completion and Production: $3.18 billion versus $3.25 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +35.1% change.
  • Adjusted operating income-Completion and Production: $659 million compared to the $629.48 million average estimate based on five analysts.
  • Operating income (loss) - Corporate and other: -$70 million versus the five-analyst average estimate of -$68.88 million.
  • Adjusted operating income-Drilling and Evaluation: $387 million versus the five-analyst average estimate of $363.76 million.

View all Key Company Metrics for Halliburton here>>>

Shares of Halliburton have returned +3.8% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.


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