We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Halliburton (HAL) Q1 Earnings In Line, Revenue Beat Estimate
Read MoreHide Full Article
In-Line Earnings:World’s No. 2 oilfield-services company Halliburton Company (HAL - Free Report) 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.
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).
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.
Image: Bigstock
Halliburton (HAL) Q1 Earnings In Line, Revenue Beat Estimate
In-Line Earnings:World’s No. 2 oilfield-services company Halliburton Company (HAL - Free Report) 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.
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 >>