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.
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.
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.
Compared to Halliburton's net income of $361 million in 3Q17, Superior Energy Services’ (SPN) 3Q17 net loss was $57 million.
Last week, Donald Trump blacklisted Chinese telecom giant Huawei Technologies amid rising US-China trade tensions.
This year has been a great one for Snapchat parent Snap (SNAP), and its stock has nearly doubled.
Coca-Cola (KO) will offer a limited edition of its of New Coke cans beginning May 23 as part of its partnership with Netflix’s (NFLX) show Stranger Things.
Clorox stock (CLX) is down about 8% since the company posted its third quarter of fiscal 2019 earnings on May 1.
JD.com (JD) recently invested ~$55 million in purchase a ~10% stake in Jiangsu Xinning Modern Logistics, a Chinese logistics company focusing on the consumer electronics supply chain.
Today, the US stock market was on a path of recovery after starting the week on a bearish note yesterday.