Earnings To Watch: Halliburton (HAL) Reports Q3 Results Tomorrow

HAL Cover Image
Earnings To Watch: Halliburton (HAL) Reports Q3 Results Tomorrow

Oilfield services company Halliburton (NYSE:HAL) will be announcing earnings results this Tuesday before market open. Here’s what you need to know.

Halliburton beat analysts’ revenue expectations last quarter, reporting revenues of $5.71 billion, up 3.7% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates.

Is Halliburton a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Halliburton’s revenue to be flat year on year, improving from the 1.7% decrease it recorded in the same quarter last year.

Halliburton Total Revenue
Halliburton Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Halliburton has missed Wall Street’s revenue estimates multiple times over the last two years.

With Halliburton being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for upstream & integrated stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Halliburton’s stock price was unchanged during the same time .

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Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.

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