Halliburton (HAL) Reports Q2: Everything You Need To Know Ahead Of Earnings
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Oilfield services company Halliburton HAL will be announcing earnings results tomorrow before the bell. Here's what to expect. Halliburton beat analysts' revenue expectations last quarter, reporting revenues of $5.40 billion, flat 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 5.5% decrease it recorded in the same quarter last year. 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, there has been positive investor sentiment in the segment, with share prices up 2.1% on average over the last month. Halliburton is up 1.5% during the same time. ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook...
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