Q2 earnings season really shifts into high gear this week. In fact, likely due to summer vacation months, Q2 is particularly front-loaded this quarter: last week was the first major influx of reports and next week will be the last of particularly heavy reporting. Afterward, we see a long tail, but of progressively less consequential stocks reporting over time.
Giant market players like Facebook FB, Alphabet GOOGL, Boeing BA, Amazon AMZN and Tesla TSLA will be among those reporting this week. That said, today we start out on a rather lighter note.
Oilfield services major Halliburton HAL outperformed estimates on its Q2 bottom line ahead of today’s opening bell, with 35 cents per share coming in a nickel ahead of expectations. Revenues of $5.93 billion slightly lagged the Zacks consensus, by 0.62%. These figures pale, however, with what we saw a year ago from Halliburton: 58 cents per share on $6.15 billion in revenues.
As Q3 unfolds, we see tensions rising in the Strait of Hormuz, which is raising global oil prices both abroad and here at home. Whether this brings more positive earnings and sales results for Halliburton is perhaps a little early to determine, though it is something worth keeping an eye on. Halliburton has beaten earnings estimates in three of its last four quarters. For more on HAL’s earnings, click here.
After regular trading closes this afternoon, we expect to hear from Whirlpool WHR, Logitech LOGI and TD Ameritrade AMTD, among others. Again, we’re starting off a tad slowly for a week so rife with earnings announcements, but by the end of the week, we will already be over the hump for the quarter.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Facebook, Inc. (FB) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
The Boeing Company (BA) : Free Stock Analysis Report
Whirlpool Corporation (WHR) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
Logitech International S.A. (LOGI) : Free Stock Analysis Report
TD Ameritrade Holding Corporation (AMTD) : Free Stock Analysis Report
Halliburton Company (HAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research