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Must-know: Halliburton’s 3Q14 earnings beat estimates

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Dec. 4 2020, Updated 10:42 a.m. ET

Quarterly earnings per share (or EPS)

Halliburton (HAL) released its financial information for 3Q14 on October 20, 2014. How does Halliburton’s performance compare to analysts’ estimates? Which analysts expect its share to move in the next year?

Halliburton (HAL) has posted strong earnings growth in the past nine quarters. Its adjusted earnings per share have grown faster than its peers Schlumberger (SLB) and Baker Hughes, Inc. (BHI).

Between 3Q12 and 3Q14, HAL’s adjusted earnings per share (or EPS) has increased 78%. It increased ~43% from 3Q13 to 3Q14. In comparison, Baker Hughes, Inc.’s (BHI) adjusted EPS increased by 26% in the past one year. Schlumberger (SLB) demonstrated a 15% growth in this period.

As shown in the graph, HAL’s adjusted EPS exceeded estimates in most of the quarters in the past. On average, reported adjusted EPS has beat consensus EPS by ~4% in the past nine quarters.

The 4Q14 consensus sell-side analysts’ EPS estimate for HAL is ~$1.21, 2% higher than the $1.19 per adjusted share it recorded in 3Q14.

Broker rating

Following the announcement of 3Q14 results, HAL has drawn the attention of Wall Street analysts to review the results and give their recommendations and target price.

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The above chart shows that two analysts have rated the stock as strong buy or overweight. Four have assigned a buy rating to the stock. The chart also shows that Halliburton (HAL) has a consensus rating of buy and a one-year consensus mean price target of ~$71. You should also note that the mean target price is 35% higher than the share price close on October 20, 2014.

Key stocks and exchange-traded funds (or ETFs)

Halliburton (HAL) is a component of the VanEck Vectors Oil Services (OIH) exchange-traded funds (or ETFs) and Energy Select Sector SPDR (XLE). Baker Hughes (BHI) and Schlumberger (SLB) are two major companies in this industry and also components of OIH.

Next, we’ll look in greater depth into Halliburton’s latest quarter financials. Read the following section to learn more.

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