Halliburton Company

(New York Stock Exchange)
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Slightly Bearish -20

Halliburton (HAL) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates

Earnings report AI-generated analysis

πŸ“‰ Analysts forecast Q3 EPS of $0.58 per share, identical to the year-ago quarter.

πŸ’° Total revenue is estimated at $5.59 billion, representing a 0.1% decrease from the prior quarter.

πŸ“‰ Consensus EPS estimates have been revised downward by 0.6% in the last 30 days.

⬆️ Drilling and Evaluation revenue is projected to increase by 1.5% to $2.41 billion.

⬇️ Completion and Production revenue is expected to decline by 1.8% to $3.16 billion.

🌎 Latin America revenue forecast to grow 6.8% year-over-year to $1.06 billion.

πŸ“‰ North America revenue anticipated to drop 3% year-over-year to $2.29 billion.

⬆️ Europe/Africa/CIS revenue expected to surge 11.6% year-over-year to $924.18 million.

⬇️ Middle East/Asia revenue forecast to decrease 7.9% year-over-year to $1.30 billion.

πŸ’΅ Drilling and Evaluation operating income estimated at $338.14 million, down from $348 million last year.

⬆️ Completion and Production operating income projected to rise slightly to $515.78 million.

πŸ“‰ HAL shares have underperformed the S&P 500 by 6.8 percentage points over the past month.

Bullish Signals
  • Drilling and Evaluation revenue is forecast to grow 1.5% year-over-year to $2.41 billion.
  • Completion and Production operating income is expected to increase slightly to $515.78 million from $514 million.
  • Latin America revenue is projected to expand significantly by 6.8% year-over-year to $1.06 billion.
  • Europe/Africa/CIS revenue is anticipated to rise strongly by 11.6% year-over-year to $924.18 million.
Risk Factors
  • Total revenue is estimated to decline by 0.1% compared to the year-ago quarter.
  • Completion and Production revenue is forecast to decrease by 1.8% year-over-year to $3.16 billion.
  • Middle East/Asia revenue is projected to drop by 7.9% year-over-year to $1.30 billion.
  • Drilling and Evaluation operating income is estimated to decline from $348 million to $338.14 million.
  • Stock has underperformed the S&P 500 by 6.8 percentage points over the past month.
Full Analysis
Wall Street analysts forecast Halliburton (HAL) to report Q3 earnings of $0.58 per share, matching the year-ago quarter, with revenues estimated at $5.59 billion, a slight 0.1% decline from the prior period. Consensus EPS estimates have been revised downward by 0.6% over the past month, reflecting analysts' reassessment of initial projections ahead of the earnings release. Analyst expectations for specific revenue segments show mixed performance trends. Revenue from Drilling and Evaluation is projected to rise by 1.5% to $2.41 billion, while Completion and Production revenue is expected to fall 1.8% to $3.16 billion. Geographically, Latin America revenue is forecast to grow significantly by 6.8% to $1.06 billion, whereas North America revenue is anticipated to decline by 3% to $2.29 billion. Operating income estimates also indicate a slight contraction compared to the year-ago quarter, with Drilling and Evaluation operating income expected at $338.14 million versus $348 million previously, while Completion and Production operating income is projected to increase marginally to $515.78 million from $514 million. Recent stock performance shows HAL shares down 3.4% over the past month against a positive S&P 500 backdrop, with a Zacks Rank of Hold suggesting market-aligned future performance.