Halliburton Company (HAL) is expected to report Q1 earnings before market open Monday, with a conference call scheduled for 9:00 am ET Monday April 21.
Guidance
Analysts are looking for a profit of 64c on revenue of $3.98B. The consensus range is 60c to 66c for EPS, and $3.59B to $4.18B for revenue, according to First Call. Halliburton is up over 40% since beating its estimates in late January.
Insights
The company has been upgraded by multiple firms, citing positives such as price stabilization, international growth, and increased natural gas prices. Note that on April 18, Halliburton confirmed that it has been in takeover talks with British rival Expro International Group, which sent Halliburton's stock up over 4% to about $47. Investors will be listening to the conference call for any additional details about the speculated acquisition.
