Halliburton and Camping World have been highlighted as Zacks Bull and Bear of the Day
For Immediate Release
Chicago, IL – February 1, 2023 – Zacks Equity Research shares Halliburton HAL as the Bull of the Day and Camping World CWH as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Canadian Solar Inc. CSIQ, Enphase Energy ENPH and ReneSola SOL.
Here is a synopsis of all five stocks.
Bull of the Day:
Halliburton reported Q4 adjusted net income per share of 72 cents last week, surpassing the Zacks Consensus Estimate of 67 cents and well above the year-ago quarter profit of 36 cents (adjusted). The outperformance reflects stronger-than-expected profit from both its divisions.
Revenues of $5.6 billion were 30.5% higher than the corresponding period of 2021. North American revenues rose 46.4% year over year to $2.6 billion, while revenues from Halliburton’s international operations were up 19.1% from the year-ago period to nearly $3 billion.
This growth is noteworthy since HAL has outsized exposure to the North American land drilling market.
In more good news for investors, Halliburton raised its quarterly dividend by 33.3% to 16 cents per share (or 64 cents per share annualized).
The Big Three in Oil & Gas Services
Halliburton was the last of the “Big Three” oil services firms to report fourth-quarter results after rivals SLB (SLB) and Baker Hughes (BKR) came out with contrasting releases last week.
SLB, the largest oilfield contractor, announced fourth-quarter 2022 earnings of 71 cents per share (excluding charges and credits), which beat the Zacks Consensus Estimate of 69 cents. SLB recorded total revenues of $7.9 billion, outpacing the Zacks Consensus Estimate by 0.7%.
SLB’s strong quarterly earnings resulted from strong activities in land and offshore resources in North America and Latin America. The company’s board approved a quarterly cash dividend of 25 cents per share, indicating a 43% increase from the last paid dividend.
Baker Hughes reported Q4 adjusted earnings of 38 cents per share, missing the Zacks Consensus…