The market expects Halliburton (HAL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released o ...

Core Viewpoint - SLB is expected to report first-quarter 2024 earnings on April 19, with a consensus estimate of 75 cents per share, reflecting a 19.05% improvement from the previous year [2] Group 1: Earnings Performance - In the last reported quarter, SLB's earnings were 86 cents per share, surpassing the Zacks Consensus Estimate of 84 cents, driven by higher evaluation and stimulation services [1] - SLB has consistently beaten earnings estimates in the past four quarters, with an average surprise of 2.09% [1] Group 2: Revenue Estimates - The Zacks Consensus Estimate for first-quarter revenues is $8.69 billion, indicating a 12.4% increase from the year-ago figure [2] Group 3: Factors Influencing Performance - SLB is expected to maintain stable performance due to long-term contracts with state-run entities, providing consistent revenues and protection against market fluctuations [3] - The company benefits from its strong presence in international markets and advanced technology for complex oilfield projects [3] - However, SLB may face challenges from declining oil and gas prices, influenced by a sluggish global economy and geopolitical tensions, with West Texas Intermediate crude price down 1.4% sequentially [3] Group 4: Earnings Whispers - Current analysis suggests that SLB may not achieve an earnings beat this quarter, with an Earnings ESP of -0.11% and a Zacks Rank of 3 (Hold) [4]

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Halliburton (HAL) closed the latest trading day at $40.94, indicating a -0.41% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.74%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, added 1.68%.The provider of drilling services to oil and gas operators's stock has climbed by 12.54% in the past month, exceeding the Oils-Energy sector's gain of 8.96% and the S&P 500's gain of 0.8%.Market participants will be closely following the financial results of H ...

Halliburton Company (HAL) , a U.S.-based oilfield services provider, has made a new addition to its SuperFill surge reduction equipment lineup by introducing the SuperFill II diverter. The SuperFill II diverter is designed to reduce frictional pressure loss by redirecting fluid flow within the length of the landing string.The SuperFill II diverter tool is placed above the casing/liner hanger running tool in order to redirect the fluid flow. By altering the fluid flow direction from the landing string to the ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Halliburton (HAL) , which belongs to the Zacks Oil and Gas - Field Services industry.When looking at the last two reports, this provider of drilling services to oil and gas operators has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 5.05%, on average, in the last two quarters.For the last reported quarter, Hall ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Halliburton (HAL) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Halliburton currently has an av ...

The latest trading session saw Halliburton (HAL) ending at $38.39, denoting a -0.18% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.14%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, added 0.17%.The provider of drilling services to oil and gas operators's shares have seen an increase of 8.95% over the last month, surpassing the Oils-Energy sector's gain of 4.9% and the S&P 500's gain of 5.34%.The investment community will be closely monitoring the p ...

The Energy sector is notorious for its inherent unpredictability, marked by sudden positive surges and downturns. While significant price swings have always characterized investments in oil and natural gas, the degree of uncertainty has markedly risen in recent years, especially following the COVID-19 pandemic.For novice investors, energy market volatility makes investing a precarious and panicky activity. However, stocks like Halliburton (HAL) , Valero Energy (VLO) and Targa Resources (TRGP) are definitely ...

Company Overview - Halliburton's stock closed at $37.71, showing a slight decrease of -0.05% from the previous day, underperforming compared to the S&P 500's gain of 0.63% [1] - The stock has increased by 6.85% over the past month, outperforming the Oils-Energy sector's gain of 4.4% and the S&P 500's gain of 1.76% [1] Upcoming Earnings - Halliburton is set to release its earnings report on April 23, 2024, with an expected EPS of $0.75, reflecting a 4.17% increase from the same quarter last year [1] - The consensus estimate for revenue is $5.68 billion, indicating a 0.1% increase compared to the previous year [1] Annual Performance Estimates - For the annual period, the Zacks Consensus Estimates project earnings of $3.43 per share and revenue of $24.32 billion, representing increases of +9.58% and +5.67% respectively from the last year [2] Analyst Outlook - Recent changes in analyst estimates suggest a favorable outlook on Halliburton's business health and profitability, with revisions correlating with stock price performance [2] - Halliburton currently holds a Zacks Rank of 3 (Hold), with the Zacks Rank system indicating an average annual return of +25% for 1 ranked stocks since 1988 [3] Valuation Metrics - Halliburton's Forward P/E ratio stands at 11.02, which is lower than the industry's Forward P/E of 16.33, indicating a potential valuation discount [3] - The company has a PEG ratio of 0.94, aligning with the average PEG ratio of the Oil and Gas - Field Services industry [3] Industry Context - The Oil and Gas - Field Services industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 148, placing it in the bottom 42% of over 250 industries [4] - The strength of industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]