Halliburton (HAL) closed at $37.80 in the latest trading session, marking a -2.38% move from the prior day. This change lagged the S&P 500's 2.51% gain on the day. On the other hand, the Dow registered a gain of 2.85%, and the technology-centric Nasdaq increased by 2.8%.
Shares of the provider of drilling services to oil and gas operators witnessed a gain of 9.56% over the previous month, beating the performance of the Oils-Energy sector with its gain of 7.33%, and the S&P 500's loss of 1.66%.
The investment community will be paying close attention to the earnings performance of Halliburton in its upcoming release. The company is slated to reveal its earnings on April 21, 2026. In that report, analysts expect Halliburton to post earnings of $0.51 per share. This would mark a year-over-year decline of 15%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.31 billion, down 1.99% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.21 per share and a revenue of $21.78 billion, indicating changes of -8.68% and -1.82%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Halliburton. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 0.92% rise in the Zacks Consensus EPS estimate. Currently, Halliburton is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Halliburton currently has a Forward P/E ratio of 17.5. This denotes a discount relative to the industry average Forward P/E of 21.99.
Also, we should mention that HAL has a PEG ratio of 2.36. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. HAL's industry had an average PEG ratio of 1.67 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 55, putting it in the top 23% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Halliburton Company (HAL): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).