Halliburton Co.  (HAL - Get Report) is expected to report net income of $300.7 million, or 34 cents a share, on sales of $5.8 billion before the market opens on Monday, based on a FactSet survey of 29 analysts.

In the same period a year ago, the company posted earnings of 50 cents a share on sales of $6.2 billion. It reported net income of $511 million.

The stock has fallen 22% since the company last reported earnings on July 22.

Quarterly estimates have fallen 1.5 cents a share in the past month.

In the upcoming quarter, analysts are forecasting net income of $294.9 million, or 33 cents a share, on sales of $5.7 billion.

Halliburton is currently trading at a price-to-forward-earnings ratio of 13.3 based on the 12-month estimates of 32 analysts surveyed by FactSet.

Jim Cramer and the Action Alerts Plus team are watching the Energy Equipment & Services sector. To find out more about what stocks they like in the industry click here now to get more from Action Alerts PLUS.

Introducing TheStreet Courses: Financial titans Jim Cramer and Robert Powell are bringing their market savvy and investing strategies to you. Learn how to create tax-efficient income, avoid top mistakes, reduce risk and more. With our courses, you will have the tools and knowledge needed to achieve your financial goals. Learn more about TheStreet Courses on investing and personal finance here.