Halliburton (HAL) Reports Q4 Earnings: What Key Metrics Have to Say

Zacks
13 Feb

For the quarter ended December 2024, Halliburton (HAL) reported revenue of $5.61 billion, down 2.3% over the same period last year. EPS came in at $0.70, compared to $0.86 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $5.64 billion, representing a surprise of -0.55%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.70.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Halliburton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenues- North America: $2.21 billion versus $2.24 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -8.7% change.
  • Revenues- Middle East/Asia: $1.65 billion compared to the $1.62 billion average estimate based on four analysts. The reported number represents a change of +8.6% year over year.
  • Revenues- Europe/Africa/CIS: $795 million versus $744.06 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.7% change.
  • Revenues- Latin America: $953 million compared to the $1.05 billion average estimate based on four analysts. The reported number represents a change of -7.5% year over year.
  • Revenues- Drilling and Evaluation: $2.43 billion versus the six-analyst average estimate of $2.42 billion. The reported number represents a year-over-year change of +0.4%.
  • Revenues- Completion and Production: $3.18 billion versus $3.22 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -4.2% change.
  • Operating income- Completion and Production: $629 million compared to the $622.38 million average estimate based on five analysts.
  • Operating income (loss)- Corporate and other: -$65 million compared to the -$96.81 million average estimate based on five analysts.
  • Operating income- Drilling and Evaluation: $401 million versus the five-analyst average estimate of $416.96 million.
View all Key Company Metrics for Halliburton here>>>

Shares of Halliburton have returned -10.2% over the past month versus the Zacks S&P 500 composite's +3.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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