Why Its Not Wise to Buy the 12% YTD Drop in Halliburton Stock
Portfolio Pulse from
Halliburton's Q3 adjusted EPS of 73 cents missed the Zacks Consensus Estimate of 75 cents and was lower than the previous year's 79 cents, contributing to a 12% YTD drop in its stock price.
December 02, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Halliburton's Q3 adjusted EPS of 73 cents missed expectations and was lower than last year's 79 cents, contributing to a 12% YTD stock price drop.
The miss on EPS compared to both the Zacks Consensus Estimate and the previous year's performance indicates potential operational challenges or market conditions affecting Halliburton. This has likely contributed to the 12% YTD drop in stock price, suggesting a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100