Halliburton 2Q Earnings Pregame Scorecard
Halliburton (NYSE:HAL) has topped Wall Street expectations for the last five quarters, and it will try to keep that streak alive as it reports the latest earnings on Monday.
Expectations
Analysts currently expect Halliburton to come in with earnings of 75 cents per share on revenues of $6.96 billion. Estimates range from 71 cents per share to 79 cents per share. Over the past three months, the average estimate has moved down from 88 cents.
Stock Movement
Recently, the stock price has been rising Since July 10, 2012 business days the stock has risen 64 cents per share. Looking at change over the last three months, April 19, 2012 and July 16, 2012, the stock price fell $4.98 (-14.7%), from $33.98 to $29.
Company Fundamental Trends
Stock Ratings
Analysts are bullish on the stock as 20 analysts rate it as a buy and there are no sell ratings. Halliburton's average analyst rating hasn't changed over the past three months.
Last Quarter's Results
In the first quarter, profit rose 22.7% to $627 million (68 cents a share) from $511 million (56 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 30% to $6.87 billion from $5.28 billion.
Summary
Reporting Period: 2Q
Date of Release: Monday, July 23, 2012 before market open
EPS: 75 cents
Revenue Estimate: $6.96 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)