Quantcast

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


Shutterstock photo

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.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , Earnings , Investing Ideas , Stocks
Referenced Symbols: HAL



More from Zacks.com

Subscribe







Zacks.com
Contributor:

Zacks.com

Equity Research












Research Brokers before you trade

Want to trade FX?