- Halliburton’s adjusted earnings per share (EPS) for the fourth quarter was 70 cents, matching analysts’ estimates but down from 86 cents compared to the previous year.
- Total revenue amounted to $5.61 billion, which is a 2.2% decline from the previous year and slightly below the estimated $5.65 billion.
- The Completion and Production segment recorded revenues of $3.18 billion, a decrease of 4.2% compared to the previous year, and below the estimated $3.21 billion.
- Drilling and Evaluation revenue rose by 0.4% year-over-year to $2.43 billion, surpassing the estimate of $2.41 billion.
- North America revenue was down by 8.7% year-over-year at $2.21 billion, missing the estimated $2.26 billion.
- Latin America revenue decreased by 7.5% to $953 million, below the estimate of $1.05 billion.
- Europe, Africa, and CIS regions saw an increase in revenue by 3.7%, reaching $795 million, exceeding the estimate of $747.5 million.
- The Middle East and Asia region reported a revenue increase of 8.6%, achieving $1.65 billion, above the estimated $1.59 billion.
- Operating income for the quarter was $932 million, a decrease of 12% compared to the previous year.
- Drilling and Evaluation operating income was $401 million, down 4.5% year-over-year and below the estimate of $413 million.
- Completion and Production operating income was $629 million, a decrease of 12% but above the estimate of $616.9 million.
- The cash flow from operations increased by 3.3% year-over-year, amounting to $1.46 billion, and surpassed the estimate of $1.37 billion.
- Capital expenditure rose by 6.8% year-over-year to $426.0 million, above the estimated $418.9 million.
- There are currently 21 buy ratings, 9 hold ratings, and 0 sell ratings for Halliburton stock.
Halliburton Co on Smartkarma
Analysts on Smartkarma, such as Suhas Reddy, are closely monitoring Halliburton Co for investment insights. According to Suhas Reddy‘s research findings, pre-earnings options data indicates a bearish sentiment towards Halliburton due to expected declines in Q4 earnings, with calls concentrated at certain strike prices and puts dominating at key levels. Moreover, Halliburton’s revenue for Q4 is projected to decline, driven by factors like oil price volatility and weak global demand, leading to a subdued performance in the upstream sector.
Contrary to the bearish sentiment, analysts like Baptista Research see potential in Halliburton due to its international market expansion. With a notable revenue increase in the Middle East/Asia region, Halliburton’s total revenue has shown resilience. This growth, coupled with efficient cost management strategies, has led to optimism about the company’s future performance despite challenges faced in the North American market.
A look at Halliburton Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Halliburton Co shows a promising long-term outlook. With a strong score of 5 in Growth, the company is expected to expand and progress significantly over time. Additionally, its Momentum score of 4 indicates a positive upward trend in performance. Halliburton Co‘s value and resilience scores are moderate at 3, suggesting a stable foundation and reasonable pricing in the market. Moreover, the company maintains a score of 3 in Dividend, reflecting its ability to provide income to shareholders. Overall, Halliburton Co‘s Smart Scores highlight a favorable outlook for the company.
Halliburton Company is a provider of energy services, engineering, and construction services, along with manufacturing energy industry products. The company delivers a range of services, products, and integrated solutions to support customers in the exploration, development, and production of oil and natural gas. With a solid Growth score of 5 and positive Momentum of 4, Halliburton Co is positioned well for future expansion and performance in the energy sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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