In the latest trading session, Halliburton (HAL) closed at $34.51, marking a -3.25% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.45%. Elsewhere, the Dow lost 1.21%, while the tech-heavy Nasdaq lost 0.01%.
Coming into today, shares of the provider of drilling services to oil and gas operators had gained 2.91% in the past month. In that same time, the Oils-Energy sector gained 3.72%, while the S&P 500 lost 2.43%.
Investors will be eagerly watching for the performance of Halliburton in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 20, 2026. The company's earnings per share (EPS) are projected to be $0.58, reflecting no change from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $5.59 billion, indicating a 0.13% decline compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.34 per share and revenue of $22.39 billion, indicating changes of -3.31% and +0.94%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Halliburton. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.09% fall in the Zacks Consensus EPS estimate. Halliburton is currently a Zacks Rank #3 (Hold).
Digging into valuation, Halliburton currently has a Forward P/E ratio of 15.23. This expresses a discount compared to the average Forward P/E of 22.48 of its industry.
One should further note that HAL currently holds a PEG ratio of 2.06. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Oil and Gas - Field Services industry had an average PEG ratio of 2.06.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 100, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Halliburton Company (HAL): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).