Inside Halliburton’s Upcoming Second Quarter Earnings Release

S&P 500 (NYSE:SPY) component Halliburton Company (NYSE:HAL) will unveil its latest earnings on Monday, July 18, 2011. Halliburton Company provides oilfield technologies and services to upstream oil and gas customers worldwide. Oil ETFs: The Top 10 Exchange Traded Funds for Your Oil Investing List>>

Halliburton Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 71 cents per share, a rise of 36.5% 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 69 cents. For the year, analysts are projecting profit of $3.03 per share, a rise of 47.1% 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 3 cents, reporting net income of 61 cents per share against a mean estimate of profit of 58 cents per share.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $5.65 billion in revenue this quarter, a rise of 28.7% from the year ago quarter. Analysts are forecasting total revenue of $23 billion for the year, a rise of 28% from last year’s revenue of $17.97 billion.

Analyst Ratings: Analysts are bullish on this stock with 29 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

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 34%, with the biggest boost coming in the most recent quarter when revenue rose 40.4% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose more than twofold while it rose more than twofold in the fourth quarter of the last fiscal year and more than twofold in the third 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 May 13, 2011 to July 15, 2011, the stock price had risen $7.16 (16%) from $45.92 to $53.08. The stock price saw one of its best stretches over the last year between August 5, 2010, and August 16, 2010, when shares rose for eight-straight days, rising 12.4% (+$3.41) over that span. It saw one of its worst periods between April 12, 2011, and April 26, 2011, when shares fell for 10-straight days, falling 11% (-$5.61) over that span. Shares are up $12.25 (+30%) year to date.

(Source: Xignite Financials)

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