Halliburton’s Earnings Report ON DECK

S&P 500 (NYSE:SPY) component Halliburton (NYSE:HAL) will unveil its latest earnings on Monday, July 23, 2012. Halliburton provides oilfield technologies and services to upstream oil and gas customers worldwide.

Halliburton Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 75 cents per share, a decline of 7.4% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 88 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 76 cents during the last month. Analysts are projecting profit to rise by 4.2% versus last year to $3.22.

Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at profit of 89 cents a share versus the estimate of net income of 86 cents a share. It marked the fourth straight quarter of beating estimates.

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A Look Back: In the first quarter, profit rose 22.7% to $627 million (68 cents a share) from $511 million (56 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 30% to $6.87 billion from $5.28 billion.

Wall St. Revenue Expectations: On average, analysts predict $6.96 billion in revenue this quarter, a rise of 17.2% from the year-ago quarter. Analysts are forecasting total revenue of $28.28 billion for the year, a rise of 13.9% from last year’s revenue of $24.83 billion.

Stock Price Performance: Between April 20, 2012 and July 20, 2012, the stock price fell $3.21 (-9.45%), from $33.98 to $30.77. The stock price saw one of its best stretches over the last year between June 26, 2012 and July 3, 2012, when shares rose for six straight days, increasing 12.1% (+$3.24) over that span. It saw one of its worst periods between May 8, 2012 and May 18, 2012 when shares fell for nine straight days, dropping 8.4% (-$2.76) over that span.

Key Stats:

The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 35.6% 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 25.6% in the third quarter of the last fiscal year and 49.8% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Analyst Ratings: With 20 analysts rating the stock a buy, none rating it a sell and four rating the stock a hold, there are indications of a bullish stance by analysts.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.79 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands. The company regressed in this liquidity measure from 2.81 in the fourth quarter of the last fiscal year to the last quarter driven in part by an increase in liabilities. Current liabilities increased 4.6% to $4.31 billion while assets rose 3.8% to $12.02 billion.

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

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