Halliburton Company Quarterly Earnings on Deck

S&P 500 (NYSE:SPY) component Halliburton Company (NYSE:HAL) will unveil its latest earnings today, October 17, 2011. 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 profit of 92 cents per share, a rise of 58.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 81 cents. Between one and three months ago, the average estimate moved up. It has risen from 91 cents during the last month. For the year, analysts are projecting net income of $3.36 per share, a rise of 63.1% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 9 cents, reporting profit of 81 cents per share against a mean estimate of net income of 72 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 36.9% in revenue from the year-earlier quarter to $6.38 billion.

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

A Look Back: In the second quarter, profit rose 54% to $739 million (80 cents a share) from $480 million (53 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 35.3% to $5.93 billion from $4.39 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 36.4%, with the biggest boost coming in the first quarter when revenue rose 40.4% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose more than twofold in the first quarter and more than twofold in the fourth quarter of the last fiscal year.

Competitors to Watch: Baker Hughes Incorporated (NYSE:BHI), Schlumberger Limited. (NYSE:SLB), Weatherford Intl. Ltd. (NYSE:WFT), Cameron Intl. Corp. (NYSE:CAM), Complete Production Services, Inc. (NYSE:CPX), TETRA Technologies, Inc. (NYSE:TTI), RPC, Inc. (NYSE:RES), Helix Energy Solutions Group Inc. (NYSE:HLX), Oceaneering International (NYSE:OII), and National-Oilwell Varco, Inc. (NYSE:NOV).

Stock Price Performance: During July 18, 2011 to October 14, 2011, the stock price had fallen $15.58 (-29.3%) from $53.01 to $37.43. The stock price saw one of its best stretches over the last year between April 12, 2011 and April 26, 2011 when shares rose for 10-straight days, rising 12.4% (+$5.60) over that span. It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven-straight days, falling 21.2% (-$8.52) over that span. Shares are down $3.40 (-8.33%) year to date.

(Source: Xignite Financials)

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