Halliburton Co reports results for the quarter ended June 30 - Earnings Summary

• Halliburton Co HAL.N reported quarterly adjusted earnings of 55 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 80 cents. The mean expectation of twenty four analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from 53 cents to 56 cents per share.

• Revenue fell 5.5% to $5.51 billion from a year ago; analysts expected $5.41 billion.

• Halliburton Co's reported EPS for the quarter was 55 cents​.

• The company reported quarterly net income of $472 million.

• Halliburton Co shares had risen by 3.9% this quarter and lost 22.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10% in the last three months.​

• In the last 30 days, eleven analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is also "buy"

• Wall Street's median 12-month price target for Halliburton Co is $28.00, about 24.4% above its last closing price of $21.18

This summary was machine generated from LSEG data July 22 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)