Halliburton(US:HAL) ZACKS·2024-08-28 23:16Company Performance - Halliburton's stock closed at $31, reflecting a -1.96% change from the previous day, underperforming compared to the S&P 500's loss of 0.6% [1] - Over the past month, Halliburton shares have decreased by 7.81%, contrasting with the Oils-Energy sector's loss of 0.38% and the S&P 500's gain of 3.15% [1] - The upcoming earnings per share (EPS) is projected at $0.76, indicating a 3.8% decline year-over-year, while revenue is expected to reach $5.84 billion, a 0.69% increase compared to the same quarter last year [1] Analyst Estimates - For the annual period, earnings are anticipated at $3.14 per share and revenue at $23.46 billion, reflecting increases of +0.32% and +1.92% respectively from the previous year [2] - Changes in analyst estimates are crucial as they often indicate short-term business trends, with positive revisions suggesting analyst optimism regarding Halliburton's profitability [2] Valuation Metrics - Halliburton currently has a Forward P/E ratio of 10.08, which is lower than the industry's average Forward P/E of 17.93, indicating a valuation discount [3] - The company has a PEG ratio of 1.08, compared to the Oil and Gas - Field Services industry's average PEG ratio of 1.02 [3] Industry Context - The Oil and Gas - Field Services industry is ranked 188 in the Zacks Industry Rank, placing it in the bottom 26% of over 250 industries [4] - The top 50% rated industries tend to outperform the bottom half by a factor of 2 to 1, highlighting the competitive landscape within the sector [4]