Halliburton (NYSE: HAL) is expected to report Q4 earnings on Jan. 25. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Halliburton's revenues will decrease -0.2% and EPS will shrink -39.0%.

The average estimate for revenue is $7.05 billion. On the bottom line, the average EPS estimate is $0.61.

Revenue details
 Last quarter, Halliburton logged revenue of $7.11 billion. GAAP reported sales were 8.6% higher than the prior-year quarter's $6.55 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, non-GAAP EPS came in at $0.67. GAAP EPS of $0.64 for Q3 were 14% lower than the prior-year quarter's $0.74 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 14.4%, 710 basis points worse than the prior-year quarter. Operating margin was 13.4%, 690 basis points worse than the prior-year quarter. Net margin was 8.5%, 190 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $28.26 billion. The average EPS estimate is $2.98.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Halliburton is outperform, with an average price target of $44.59.

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