HAL - Halliburton Q2 earnings on deck what to expect

2023-07-18 12:27:39 ET

• U.S. oilfield services provider Halliburton ( NYSE: HAL ) is scheduled to announce Q2 earnings results on Wednesday, July 19th, before market open.
• The consensus EPS estimate is $0.75 and the consensus revenue estimate is $5.86 billion.
• Over the last 2 years, HAL has beaten EPS estimates 100% of the time and has beaten revenue estimates 63% of the time.
• Over the last 3 months, EPS estimates have seen 17 upward revisions and 3 downward. Revenue estimates have seen 15 upward revisions and 0 downward.
• The company on April 25 reported Q1 GAAP EPS of $0.72, beating estimates by 5 cents. Revenue of $5.7 billion was up 33.2% from last year and ahead of consensus by $210 million.
• HAL has a Quant rating of " HOLD ", with a 3.23 rating score.
• HAL has an industry ranking of 21 out of 46 among oil and gas equipment and services stocks, as per SA's Quant ranking, one spot ahead of Baker Hughes.
• Wall Street analysts rate the HAL stock " STRONG BUY " and Seeking Alpha authors rate it " HOLD ".
• HAL stock rose 66.3% in 2022, while the benchmark S&P 500 index slipped nearly 20% for the year.
• Stock is flat so far this year as of Monday's close.

Recent analysis on HAL:

" I have identified Halliburton Company as a technically attractive stock that might be on the cusp of the mid-term and long-term uptrend if an investor is willing to wait out possible indecision in the next weeks. Based on multiples resulting from a regression model, the stock seems to be undervalued as well, presenting an upside. The result is a Buy recommendation based on what I see as a high potential of both upsides aligning in the coming months ," writes Magdalena Pacholska in a July 12 analysis .

Other analysis: Halliburton: Solid Company Growing With The Industry by SA contributor MJ Investing.

Halliburton And Schlumberger: Solid Players In Oilfield Services by Fun Trading, leader of the Investing Group " The Gold And Oil Corner " on Seeking Alpha.

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