Halliburton Company (HAL): What Results Do Analysts Expect In The Third Quarter?

Today, Halliburton in the pre-market has increased by 1.51% and is $24.86 now. During the week, the indicator has been growing, on Monday the stock rose to $25.39 and reached its maximum. Before opening on October 19, Halliburton (HAL) plans to reveal its results for the third quarter of 2021. The current Zacks consensus estimate for the quarter is 28 cents per share on $3.9 billion in revenue.

This Houston, Texas-based provider of technical supplies and services for oil and gas drillers beat consensus projections in the most recent reporting quarter, with the completion and production division, as well as the drilling and evaluation sector, outperforming the Zacks Consensus Estimate. Halliburton reported 26 cents in net profits per share, beating the Zacks consensus estimate of 22 cents. However, due to lower-than-expected revenue in North America, the company’s quarterly revenue of $3.7 billion beat Zacks’ consensus expectation by 1.1$. Due to rising demand, oil and natural gas prices have surged substantially, returning to multi-year highs. As a result, drilling activity, which is critical for service companies, is increasing moderately.