Company Performance - Halliburton reported quarterly earnings of 0.76 per share a year ago [1] - The company posted revenues of 5.8 billion year-over-year [2] - Over the last four quarters, Halliburton has not surpassed consensus EPS estimates and has topped consensus revenue estimates only once [2] Stock Movement and Outlook - Halliburton shares have declined approximately 19.4% since the beginning of the year, compared to a 12.3% decline in the S&P 500 [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [3][4] - Current consensus EPS estimate for the upcoming quarter is 5.46 billion, and for the current fiscal year, it is 22.18 billion [7] Industry Context - The Oil and Gas - Field Services industry, to which Halliburton belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Halliburton's stock performance [5][6]
Halliburton (HAL) Q1 Earnings Match Estimates