HAL - What to expect from Halliburton's Q1 earnings?
Halliburton (NYSE:HAL) is scheduled to announce Q1 earnings results on Tuesday, April 19th, before market open. The consensus EPS Estimate is $0.34 and the consensus Revenue Estimate is $4.2B (+21.7% Y/Y). Halliburton (HAL) posted better-than-expected Q4 results, swinging to a profit and reporting revenues of $4.28B (+32.1% Y/Y). The dividend hike to $0.12/share from $0.045/share was the company's first payout increase since late 2014. CEO Jeff Miller says he is "excited about the accelerating multi-year upcycle... I expect the macro industry environment to remain supportive and the international and North America markets to continue their simultaneous growth." Morgan Stanley previewed Q1 results for the oilfield service sector on April 11, increasing price targets across the sector. The sector is up 50% year to date and now back to pre-Covid levels. Meanwhile, Wells Fargo rated Halliburton (HAL) at Equal Weight, noting international oilfield services markets are "poised for strong and durable
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What to expect from Halliburton's Q1 earnings?