Countdown to Halliburton (HAL) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS

Analysts on Wall Street project that Halliburton (HAL) will announce quarterly earnings of $0.70 per share in its forthcoming report, representing a decline of 18.6% year over year. Revenues are projected to reach $5.64 billion, declining 1.7% from the same quarter last year.The current level reflects a downward revision of 3.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.Bearing this in mind, let's now explore the average estimates of specific Halliburton metrics that are commonly monitored and projected by Wall Street analysts.Based on the collective assessment of analysts, 'Revenues- Drilling and Evaluation' should arrive at $2.42 billion. The estimate indicates a change of 0% from the prior-year quarter.The combined assessment of analysts suggests that 'Revenues- Completion and Production' will likely reach $3.22 billion. The estimate indicates a year-over-year change of -2.8%.According to the collective judgment of analysts, 'Revenues- Latin America' should come in at $1.05 billion. The estimate points to a change of +2.1% from the year-ago quarter.The collective assessment of analysts points to an estimated 'Revenues- Europe/Africa/CIS' of $744.06 million. The estimate indicates a year-over-year change of -3%.Analysts expect 'Revenues- North America' to come in at $2.24 billion. The estimate points to a change of -7.7% from the year-ago quarter.It is projected by analysts that the 'Revenues- Middle East/Asia' will reach $1.62 billion. The estimate points to a change of +6.6% from the year-ago quarter.Analysts' assessment points toward 'Operating income- Completion and Production' reaching $622.38 million. Compared to the present estimate, the company reported $716 million in the same quarter last year.Analysts predict that the 'Operating income- Drilling and Evaluation' will reach $416.96 million. The estimate is in contrast to the year-ago figure of $420 million.View all Key Company Metrics for Halliburton here>>>Over the past month, Halliburton shares have recorded returns of +10.6% versus the Zacks S&P 500 composite's -3.3% change. Based on its Zacks Rank #4 (Sell), HAL will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Halliburton Company (HAL): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks