Countdown to Halliburton (HAL) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS

Core Insights - Wall Street analysts expect Halliburton (HAL) to report quarterly earnings of $0.50 per share, reflecting a year-over-year decline of 31.5% [1] - Revenues are projected to be $5.39 billion, down 5.3% from the same quarter last year [1] - The consensus EPS estimate has been revised downward by 2.6% over the past 30 days, indicating a collective reassessment by analysts [1] Revenue Projections - Analysts estimate 'Revenues- Drilling and Evaluation' to reach $2.28 billion, a decrease of 4.8% from the prior year [4] - 'Revenues- Completion and Production' is expected to be $3.12 billion, down 5.4% year-over-year [4] - 'Revenues- Latin America' is projected at $960.53 million, indicating an 8.8% decline from the previous year [5] - 'Revenues- Europe/Africa/CIS' is expected to reach $754.30 million, reflecting a year-over-year increase of 4.5% [5] - 'Revenues- North America' is anticipated to be $2.17 billion, down 9.1% from the prior-year quarter [5] - 'Revenues- Middle East/Asia' is projected at $1.51 billion, indicating a year-over-year change of -1.5% [6] Operating Income Estimates - 'Operating income- Completion and Production' is expected to be $448.97 million, compared to $669.00 million from the previous year [6] - 'Operating income- Drilling and Evaluation' is projected to reach $337.72 million, down from $406.00 million year-over-year [6] Stock Performance - Over the past month, Halliburton shares have recorded a return of -2.4%, while the Zacks S&P 500 composite has seen a +0.7% change [7] - Halliburton holds a Zacks Rank 5 (Strong Sell), suggesting it may underperform the overall market in the near term [7]