Stock Analysis
- United States
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- Energy Services
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- NYSE:HAL
Halliburton First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Halliburton (NYSE:HAL) First Quarter 2024 Results
Key Financial Results
- Revenue: US$5.80b (up 2.2% from 1Q 2023).
- Net income: US$606.0m (down 6.9% from 1Q 2023).
- Profit margin: 10% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$0.68 (down from US$0.72 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Halliburton Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 9.7%.
Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Energy Services industry in the US.
Performance of the American Energy Services industry.
The company's shares are up 1.4% from a week ago.
Valuation
Following the latest earnings results, Halliburton may be undervalued based on 6 different valuation benchmarks we assess. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.
Valuation is complex, but we're helping make it simple.
Find out whether Halliburton is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NYSE:HAL
Halliburton
Halliburton Company provides products and services to the energy industry worldwide.
Very undervalued with excellent balance sheet and pays a dividend.