Halliburton Company First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Halliburton Company (NYSE:HAL) will unveil its latest earnings on Wednesday, April 18, 2012. Halliburton provides oilfield technologies and services to upstream oil and gas customers worldwide.

Halliburton Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 86 cents per share, a rise of 41% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 97 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 88 cents during the last month. Analysts are projecting profit to rise by 12.5% versus last year to $3.78.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at profit of $1 a share versus the estimate of net income of 99 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts predict a rise of 28.6% in revenue from the year-earlier quarter to $6.79 billion.

Analyst Ratings: Analysts are bullish on this stock, with 23 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 49.8% to $906 million (98 cents a share) from $605 million (66 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 36.9% to $7.06 billion from $5.16 billion.

Key Stats:

With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 38.2% over the last four quarters.

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 54% in the second quarter of the last fiscal year and 25.6% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

Stock Price Performance: Between February 14, 2012 and April 12, 2012, the stock price had fallen $2.43 (-6.8%), from $35.61 to $33.18. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011, when shares rose for nine straight days, increasing 18.4% (+$8.37) over that span. It saw one of its worst periods between February 24, 2012 and March 6, 2012 when shares fell for eight straight days, dropping 11.1% (-$4.28) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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