Analysts Are Optimistic about Halliburton’s 4Q17 Earnings



Halliburton’s 4Q17 earnings estimates

In 4Q17, analysts expect an adjusted EPS (earnings per share) of $0.46 for Halliburton (HAL). Wall Street analysts expect Halliburton’s adjusted earnings to improve 10% in 4Q17 from its adjusted earnings of $0.42 per share in 3Q17. Higher expected revenue in the C&P (Completion and Production) segment and marginally higher operating profitability in the D&E (Drilling and Evaluation) segment and C&P segment are expected to result in 4Q17 earnings growth. Halliburton will hold its 4Q17 earnings conference call on January 22, 2018.

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In 3Q17, Halliburton’s earnings increased significantly from an adjusted profit of $0.01 in 3Q16. Halliburton accounts for 0.19% of the SPDR S&P 500 ETF (SPY). SPY tracks the price and yield performance of the S&P 500 Index (SPX-INDEX). The SPX-INDEX rose 20% in the past year—compared to an 8% fall in Halliburton’s stock price during the same period.

Analysts’ estimates for Halliburton’s peers

In comparison, Wall Street analysts expect Patterson-UTI Energy (PTEN) to cut its 4Q17 adjusted loss to $0.08 per share—compared to its adjusted loss of $0.13 per share in 3Q17. Analysts expect Key Energy Services’ (KEG) 4Q17 adjusted earnings to improve to -$1.32—compared to its adjusted 3Q17 earnings of -$1.41. TechnipFMC’s (FTI) 4Q17 adjusted earnings are expected to rise 12%—compared to its adjusted earnings in 3Q17. Read Will Patterson-UTI Energy’s Fundamentals Reverse Bearish Prices? to learn more.

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4Q17 revenue estimates

In 4Q17, Wall Street analysts expect Halliburton’s revenues to rise 3%—compared to 3Q17. In 4Q17, Halliburton is expected to generate $5.63 billion in revenue.

In this series

In this series, we’ll discuss management’s views on the energy market, Halliburton’s outlook, value drivers, and what the market indicators suggest for Halliburton. Next, we’ll discuss management’s views.


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