Halliburton shares climb 1.99% as Q1 EPS forecast falls 13.3% to $0.52
Halliburton shares climbed 1.99%, outpacing the S&P 500’s 0.21% drop, as Q1 earnings per share are projected at $0.52 (–13.33% YoY) on $5.29 billion revenue estimates (–2.29% YoY). The company’s forward P/E is 15.3x versus a 20.8x industry average, and it holds a Zacks Rank of #3.
1. Stock Performance
Shares climbed 1.99% to outperform the S&P 500’s 0.21% decline, reversing recent underperformance when the stock had lagged the Oils-Energy sector’s 6.06% gain and the broader market’s 2.26% drop in the prior session.
2. Q1 Earnings Projections
Analysts project first-quarter earnings per share of $0.52, down 13.33% year-over-year, on estimated revenue of $5.29 billion, a 2.29% decline from Q1 last year, setting tempered expectations ahead of the earnings release.
3. Valuation and Ranking
The company trades at a forward P/E of 15.3x versus the Oil and Gas – Field Services average of 20.8x and exhibits a PEG ratio of 2.06 compared to the industry’s 1.63; it currently holds a Zacks Rank of #3 (Hold).