Halliburton Beats Estimates Yet Again

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Halliburton (NYS: HAL) reported earnings on Jan. 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Halliburton beat expectations on revenues and beat slightly on earnings per share.

Compared to the prior-year quarter, revenue improved significantly, and earnings per share expanded significantly.

Margins improved across the board.

Revenue details
Halliburton reported revenue of $7.1 billion. The 21 analysts polled by S&P Capital IQ predicted net sales of $6.8 billion. Sales were 37% higher than the prior-year quarter's $5.2 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
Non-GAAP EPS came in at $1.00. The 31 earnings estimates compiled by S&P Capital IQ predicted $0.99 per share on the same basis. GAAP EPS of $0.98 for Q4 were 49% higher than the prior-year quarter's $0.66 per share.

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Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 20.2%, 20 basis points better than the prior-year quarter. Operating margin was 20.2%, 120 basis points better than the prior-year quarter. Net margin was 12.8%, 110 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $6.7 billion. On the bottom line, the average EPS estimate is $0.97.

Next year's average estimate for revenue is $28.4 billion.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, Halliburton's average price target is $54.79.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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