Halliburton Q2 revenue, adj EPS beat on growth in Europe and Africa
HAL•Outlook
- Halliburton expects revenue growth and margin expansion driven by technology and value proposition
- Halliburton anticipates incremental improvements in North America through the year
Overview
- Oilfield services provider's Q2 revenue rose and beat analyst expectations
- Adjusted EPS for Q2 beat analyst expectations
- Company repurchased about $200 mln of its shares in Q2
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $5.70 bln | $5.49 bln (20 Analysts) |
| Q2 Adjusted EPS | Beat | $0.55 | $0.54 (22 Analysts) |
| Q2 EPS | $0.64 | ||
| Q2 Adjusted Net Income | Beat | $461 mln | $450.63 mln (15 Analysts) |
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"
- The average consensus recommendation for the oil related services and equipment peer group is "buy"
- Wall Street's median 12-month price target for Halliburton Co is $44.50, about 26.7% above its July 20 closing price of $35.11
