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Halliburton (HAL) Q1 Earnings Report Preview: What To Look For

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Oilfield services company Halliburton (NYSE: HAL) will be reporting earnings this Tuesday morning. Here’s what to look for.

Halliburton beat analysts’ revenue expectations last quarter, reporting revenues of $5.66 billion, flat year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA 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 decline 2.2% year on year, improving from the 6.7% decrease it recorded in the same quarter last year.

Halliburton Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to 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 unravel for upstream & integrated stocks. However, the whole sector has faced a sell-off over the last month with stocks in Halliburton’s peer group down 4.1% on average. Halliburton’s stock price was unchanged during the same time .

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