Halliburton(US:HAL) Zacks Investment Research·2024-03-18 22:56Company 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]