Baker Hughes (BKR) to Announce Q4 Earnings on January 26, EPS Estimate at $0.67
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: seekingalpha
- Earnings Announcement Schedule: Baker Hughes is set to release its Q4 2023 earnings report on January 26 before market open, with a consensus EPS estimate of $0.67, reflecting a 4.3% year-over-year decline, which may impact investor confidence in the company's future performance.
- Revenue Expectations: The anticipated revenue for Q4 is $7.08 billion, also down 4.3% year-over-year, indicating challenges the company faces in the current economic environment that could affect its market share and profitability.
- Historical Performance Review: Over the past two years, Baker Hughes has beaten EPS estimates 100% of the time and 63% of revenue estimates, demonstrating financial stability that may bolster investor confidence moving forward.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen 12 upward revisions and 5 downward revisions, while revenue estimates have experienced the same pattern, reflecting market uncertainty and differing views on Baker Hughes' future performance.
Analyst Views on BKR
Wall Street analysts forecast BKR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKR is 55.17 USD with a low forecast of 52.00 USD and a high forecast of 61.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 54.460
Low
52.00
Averages
55.17
High
61.00
Current: 54.460
Low
52.00
Averages
55.17
High
61.00
About BKR
Baker Hughes Company is an energy technology company that provides solutions to energy and industrial customers worldwide. The Company's segments include Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). OFSE segment provides products and services for onshore and offshore oilfield operations across the lifecycle of a well, ranging from exploration, appraisal, and development, to production, rejuvenation, and decommissioning. OFSE segment is organized into four product lines: Well Construction; Completions, Intervention, and Measurements; Production Solutions, and Subsea. IET segment provides technology solutions and services for mechanical-drive, compression and power-generation applications across the energy industry including oil and gas, liquefied natural gas operations, downstream refining, and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors. IET segment also provides equipment, software, and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
