Company Overview - Halliburton (HAL) is expected to report a year-over-year decline in earnings, with a projected EPS of $0.50, reflecting a decrease of 31.5% compared to the previous year [3] - Revenues are anticipated to be $5.39 billion, down 5.3% from the same quarter last year [3] Earnings Expectations - The consensus EPS estimate has been revised 1.39% lower in the last 30 days, indicating a bearish sentiment among analysts regarding Halliburton's earnings prospects [4] - The Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.00%, which complicates the prediction of an earnings beat [12] Historical Performance - Halliburton has not surpassed consensus EPS estimates in any of the last four quarters, indicating a trend of underperformance [14] - In the last reported quarter, Halliburton met the expected EPS of $0.55, resulting in no surprise [13] Market Sentiment - The stock may experience upward movement if the actual results exceed expectations, while a miss could lead to a decline [2] - The combination of a negative Earnings ESP and a Zacks Rank of 4 (Sell) suggests that Halliburton is not a compelling candidate for an earnings beat [17][12] Industry Context - In the broader context of the oil and gas field services industry, Schlumberger (SLB) is also expected to report a decline in earnings, with an EPS estimate of $0.67, down 24.7% year-over-year [18] - Schlumberger's revenue is projected to be $8.94 billion, a decrease of 2.4% from the previous year, and it also has a negative Earnings ESP of -2.82% [19][20]
Earnings Preview: Halliburton (HAL) Q3 Earnings Expected to Decline