Halliburton Expects To Generate Free Cash Flow For FY23 30%-40% Higher Than Last Year
Portfolio Pulse from Happy Mohamed
Halliburton expects to generate free cash flow for FY23 that is 30%-40% higher than last year, according to Reuters.
July 19, 2023 | 2:04 pm
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POSITIVE IMPACT
Halliburton's forecast of a 30%-40% increase in free cash flow for FY23 could potentially boost investor confidence and positively impact its stock price.
Free cash flow is a key indicator of a company's financial health. A significant increase in free cash flow indicates that the company is generating more cash than it needs to fund its operations and capital expenditures. This could potentially lead to increased dividends or share buybacks, both of which are positive for the stock price. Therefore, Halliburton's announcement could boost investor confidence and positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100