- Adjusted EPS: 80 cents, matching the estimate of 80 cents
- Adjusted EPS year-over-year (y/y) growth: From 77 cents to 80 cents
- Revenue: $5.83 billion, a slight increase of 0.6% y/y but below the $5.95 billion estimate
- Completion and Production revenue: $3.40 billion, down 2.2% y/y and below the $3.47 billion estimate
- Drilling and Evaluation revenue: $2.43 billion, up 4.7% y/y but slightly below the $2.48 billion estimate
- North America revenue: $2.48 billion, down 8% y/y and below the $2.58 billion estimate
- Latin America revenue: $1.10 billion, up 10% y/y but below the $1.12 billion estimate
- Europe/Africa/CIS revenue: $757 million, up 8.5% y/y, close to the $755.4 million estimate
- Middle East and Asia revenue: $1.50 billion, up 6.2% y/y, matching the estimate
- Operating income: $1.03 billion, up 2.1% y/y, slightly below the $1.05 billion estimate
- Drilling and Evaluation operating income: $403 million, up 7.2% y/y but below the $418.9 million estimate
- Completion and Production operating income: $723 million, up 2.3% y/y, close to the $724.7 million estimate
- Cash flow from operations: $1.08 billion, up 2.8% y/y and above the $925.8 million estimate
- Capital expenditure: $347.0 million, up 15% y/y but below the $357.5 million estimate
- Analyst recommendations: 24 buys, 4 holds, 0 sells
Halliburton Co on Smartkarma
Analysts on Smartkarma are expressing bullish sentiments towards Halliburton Co, a major oilfield services company. Suhas Reddy‘s report highlights Halliburton’s focus on leveraging international operations to offset weakness in North America. The company anticipates margin expansion and a 10% year-over-year increase in free cash flow in 2024. Furthermore, expectations of revenue growth in international business contrast with flat growth projections for North America, signaling a strategic shift.
Baptista Research emphasizes Halliburton’s technological innovation and recent acquisitions as key drivers of growth. In their analysis, the company showcased strong performance in the first quarter of 2024, with total revenue reaching $5.8 billion and an operating margin of 17%. The report underscores marked improvements in margin across both divisions, highlighting Halliburton’s ability to adapt and thrive in a competitive landscape.
A look at Halliburton Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Halliburton Company, a leading provider of energy services and engineering solutions for the oil and gas industry, has garnered a mixed bag of Smartkarma Smart Scores. While the company shines in terms of Growth with a top score of 5, its Value and Dividend scores stand at a moderate 3. However, challenges loom as reflected in its Resilience score of 2. In terms of Momentum, Halliburton Co stands at 3, indicating a stable performance but with room for improvement. Despite the varying scores, Halliburton Co‘s focus on growth presents a positive long-term outlook, positioning the company to capitalize on opportunities in the energy sector.
In summary, Halliburton Company is a prominent player in providing energy services, engineering solutions, and manufacturing products for the energy industry. With a strong emphasis on growth, the company is strategically positioned to cater to the evolving needs of the oil and natural gas exploration, development, and production sectors. Although facing resilience challenges and with room for improvement in its Value and Dividend aspects, Halliburton Co‘s overall outlook appears promising, backed by its solid foundation in addressing the dynamic requirements of the energy market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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