Halliburton (NYSE: HAL ) is expected to report Q1 earnings on April 22. 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 expand 0.2% and EPS will wither -36.0%.
The average estimate for revenue is $6.88 billion. On the bottom line, the average EPS estimate is $0.57.
Last quarter, Halliburton recorded revenue of $7.29 billion. GAAP reported sales were 3.2% higher than the prior-year quarter's $7.06 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.63. GAAP EPS of $0.72 for Q4 were 27% lower than the prior-year quarter's $0.98 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 14.5%, 670 basis points worse than the prior-year quarter. Operating margin was 13.5%, 670 basis points worse than the prior-year quarter. Net margin was 9.2%, 360 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $29.58 billion. The average EPS estimate is $3.00.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Halliburton is outperform, with an average price target of $43.03.
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