Halliburton’s Q2 2018 earnings estimates
In the second quarter, analysts expect Halliburton (HAL) to report adjusted EPS of $0.58. Wall Street expects HAL’s adjusted earnings per share to increase 41.0% sequentially from its first-quarter adjusted EPS of $0.41.
Gains from increased international upstream activity and a strengthening North American market can result in improved second-quarter earnings. HAL is slated to hold its second-quarter earnings conference call on July 23.
In the first quarter, Halliburton’s earnings increased significantly compared to its slim $0.04 adjusted profit in the first quarter of 2017. This improvement was due to the robust first-quarter operating margin in its Completion and Production segment as well as its Drilling and Evaluation segment.
Analysts’ estimates for HAL’s peers
Wall Street analysts expect Helmerich & Payne (HP) to report a second-quarter adjusted profit of $0.03 per share compared to its adjusted loss of $0.05 per share in the first quarter.
Analysts expect Oil States International’s (OIS) second-quarter adjusted earnings to reach $0.04, compared to its adjusted first-quarter earnings of -$0.01. Flotek Industries (FTK) is expected to see deteriorating second-quarter adjusted earnings of -$0.07 compared to its first-quarter earnings of $0.01.
HAL’s Q2 2018 revenue estimates
In the second quarter, analysts expect Halliburton’s revenues to increase 6.5% over its first-quarter revenues. In the second quarter, HAL is expected to generate $6.11 billion in revenues.
In this series, we’ll discuss Halliburton’s outlook, value drivers, and what the market indicators are suggesting for HAL. In the next article, we’ll see what Halliburton’s management says about its outlook.
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