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Halliburton Q1 Earnings on Deck: Here's How It Will Fare
HALHalliburton(HAL) ZACKS·2025-04-17 15:20

Core Viewpoint - Halliburton Company (HAL) is expected to report first-quarter results on April 22, with a consensus estimate of a profit of 60 cents per share and revenues of 5.3billion,reflectingchallengesintheNorthAmericanoilfieldservicemarket[1].Group1:PreviousQuarterPerformance−Inthelastreportedquarter,Halliburtonmettheconsensusestimatewithanadjustednetincomepershareof70cents,althoughrevenuesof5.3 billion, reflecting challenges in the North American oilfield service market [1]. Group 1: Previous Quarter Performance - In the last reported quarter, Halliburton met the consensus estimate with an adjusted net income per share of 70 cents, although revenues of 5.6 billion fell short by 31million[2].−Overthelastfourquarters,HalliburtonhasbeatentheZacksConsensusEstimateonce,metittwice,andmisseditonce[3].Group2:EstimateTrends−TheZacksConsensusEstimateforthethird−quarterbottomlinehasremainedunchanged,indicatinga21.131 million [2]. - Over the last four quarters, Halliburton has beaten the Zacks Consensus Estimate once, met it twice, and missed it once [3]. Group 2: Estimate Trends - The Zacks Consensus Estimate for the third-quarter bottom line has remained unchanged, indicating a 21.1% year-over-year drop, while revenue estimates suggest a 9.4% decrease from the previous year [7]. Group 3: Factors Influencing Performance - The U.S. oil and natural gas rig count has declined by approximately 6% year-over-year, leading to reduced drilling activity, which is critical for service companies like Halliburton [8]. - First-quarter revenues for the North American region are projected at 2.4 billion, reflecting a 4.6% decline from the previous year due to lower frac spread counts and subdued demand [8]. - Operating margins in Halliburton's Completion and Production segment are expected to contract to 17.8%, down from 20.4% in the same period last year [9]. Group 4: Strategic Developments - Halliburton's shift towards digitalization and integrated services is gaining traction, with platforms like DecisionSpace 365 enhancing efficiency and reducing coordination costs, thereby fostering deeper client relationships and more stable revenues [10]. Group 5: Earnings Expectations - The Zacks model indicates that Halliburton is unlikely to beat earnings estimates in the first quarter, with an Earnings ESP of -0.03% and a Zacks Rank of 3 (Hold) [11][12].