Can Halliburton (HAL) Pull Off a Strong Show in Q1 Earnings?

Zacks04-17

Halliburton Company HAL is set to release first-quarter results on Apr 23. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 74 cents per share on revenues of $5.7 ...

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The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 74 cents per share on revenues of $5.7 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/halliburton-hal-pull-off-strong-120600898.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can Halliburton (HAL) Pull Off a Strong Show in Q1 Earnings?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan Halliburton (HAL) Pull Off a Strong Show in Q1 Earnings?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-17 20:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/halliburton-hal-pull-off-strong-120600898.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Halliburton Company HAL is set to release first-quarter results on Apr 23. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 74 cents per share on revenues of $5.7 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/halliburton-hal-pull-off-strong-120600898.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MPC","symbol_name":"马拉松原油","start_time":0,"source_url":"https://finance.yahoo.com/news/halliburton-hal-pull-off-strong-120600898.html","article_id":"2428346812","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/YaeP6YMQifV47czKTk1orA--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/045ba7ae9e660e2a91686804eef7ab55"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428346812","pubTimestamp":1713355560,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Halliburton Company HAL is set to release first-quarter results on Apr 23. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 74 cents per share on revenues of $5.7 billion.Let’s delve into the factors that might have influenced the oilfield service firm’s performance in the March quarter. But it’s worth taking a look at HAL’s previous-quarter performance first.In the last reported quarter, this Houston, TX-based provider of technical products and services to drillers of oil and gas wells beat the consensus mark due to strength in the international markets. Halliburton had reported adjusted net income per share of 86 cents, surpassing the Zacks Consensus Estimate of 80 cents. However, revenues of $5.7 billion came below the Zacks Consensus Estimate by some $47 million on weak performance in the North American region.HAL beat the Zacks Consensus Estimate in each of the last four quarters, which resulted in an average earnings surprise of 5.1%. This is dep","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MPC":"马拉松原油","HAL":"哈里伯顿","VLO":"瓦莱罗能源"},"translate_title":"哈里伯顿公司（Halliburton）能在Q1盈利方面表现强劲吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HAL":1,"MPC":0.9,"VLO":0.9},"content_text":"Halliburton Company HAL is set to release first-quarter results on Apr 23. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 74 cents per share on revenues of $5.7 billion.\nLet’s delve into the factors that might have influenced the oilfield service firm’s performance in the March quarter. But it’s worth taking a look at HAL’s previous-quarter performance first.\nHighlights of Q4 Earnings & Surprise History\nIn the last reported quarter, this Houston, TX-based provider of technical products and services to drillers of oil and gas wells beat the consensus mark due to strength in the international markets. Halliburton had reported adjusted net income per share of 86 cents, surpassing the Zacks Consensus Estimate of 80 cents. However, revenues of $5.7 billion came below the Zacks Consensus Estimate by some $47 million on weak performance in the North American region.\nHAL beat the Zacks Consensus Estimate in each of the last four quarters, which resulted in an average earnings surprise of 5.1%. This is depicted in the graph below:\n\nHalliburton Company Price and EPS Surprise\n  \nHalliburton Company price-eps-surprise | Halliburton Company Quote\nTrend in Estimate Revision\nThe Zacks Consensus Estimate for the first-quarter bottom line has remained unchanged in the past seven days. The estimated figure indicates a 2.8% improvement year over year. The Zacks Consensus Estimate for revenues, meanwhile, suggests a 0.1% increase from the year-ago period.\n\nFactors to Consider\nOur expectation for the first-quarter operating income of the Drilling & Evaluation segment is pegged at $398.8 million, indicating an 8.1% improvement from the year-ago quarter on the back of the rollout of Halliburton’s Zeus fleet and the strength of its well construction business. This should have supported the company’s revenues and cash flows.\nOn a further bullish note, the decrease in HAL’s costs might have buoyed the company’s to-be-reported bottom line. Going by our model, the company’s first-quarter cost of sales is likely to have totaled $4.6 billion, down 0.5% from the year-ago period. The downward cost trajectory, despite the prevailing inflationary environment, could have been attributed to Halliburton’s prudent expense management policies.\nWhy a Likely Positive Surprise?\nOur proven model predicts an earnings beat for Halliburton this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.\nYou can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.\nHAL has an Earnings ESP of +0.81% and a Zacks Rank #3.\nOther Stocks to Consider\nHalliburton is not the only company looking up this earnings cycle. Here are some other firms that you may want to consider on the basis of our model:\nValero Energy Corporation VLO has an Earnings ESP of +2.00% and a Zacks Rank #2. The firm is scheduled to release earnings on Apr 25.\nYou can see the complete list of today’s Zacks #1 Rank stocks here.\nValero Energy’s expected EPS growth rate for three to five years is currently 6%, which compares favorably with the industry's growth rate of 5.6%. It has a trailing four-quarter earnings surprise of 10.7%, on average. Valued at around $56.7 billion, VLO has gained 32.9% in a year.\nMarathon Petroleum MPC has an Earnings ESP of +7.68% and a Zacks Rank #3. The firm is scheduled to release earnings on Apr 30.\nMarathon Petroleum beat the Zacks Consensus Estimate for earnings in each of the last four quarters. It has a trailing four-quarter earnings surprise of 24%, on average. Valued at around $74.6 billion, MPC has surged 58% in a year.\nDiamondback Energy FANG has an Earnings ESP of +1.60% and a Zacks Rank #3. The firm is scheduled to release earnings on Apr 30.\nThe 2024 Zacks Consensus Estimate for Diamondback Energy indicates 3.9% year-over-year earnings per share growth. It has a trailing four-quarter earnings surprise of 0.7%, on average. Valued at around $36.6 billion, FANG has gone up 41% in a year.\nStay on top of upcoming earnings announcements with the Zacks Earnings Calendar.\nWant 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\nHalliburton Company (HAL) : Free Stock Analysis Report\nValero Energy Corporation (VLO) : Free Stock Analysis Report\nMarathon Petroleum Corporation (MPC) : Free Stock Analysis Report\nDiamondback Energy, Inc. (FANG) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428346812"}