BKR Earnings Prediction
The chart below shows how BKR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BKR sees a -1.36% change in stock price 10 days leading up to the earnings, and a +0.10% change 10 days following the report. On the earnings day itself, the stock moves by +1.26%. This data can give you a slight idea of what to expect for the next quarter's release.
BKR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
7.14B
13.05%
11.23%
Gross Margin
20.87%
-0.62%
4.82%
Operating Margin
11.86%
18.72%
15.37%
Net Margin
8.14%
24.09%
12.90%
EPS
0.58
45.00%
28.89%
No Data Available
BKR Earnings Analysis
Baker Hughes Company Corporation (BKR.O) Earnings Conference Call
Positive
Baker Hughes had outstanding operational performance across the company in Q2 2024, driven by strong orders in Gas Technology Equipment and robust operational execution.
Highlighted by exceeding the midpoint of quarterly EBITDA guidance for the sixth consecutive quarter and strong margin performance in both segments.
Notably, revenue growth of 28% in Industrial and Energy Technology (IET) and EBITDA margin improvement of 100 basis points.
Orders in IET were particularly strong, with record levels and substantial focus on gas infrastructure, onshore/offshore production, and new energy solutions.
Baker Hughes demonstrated a strong outlook for growth in Gas Technology Equipment beyond LNG projects.
Notable increase in non-LNG orders, representing 85% of the total orders, pointing to robust growth potential beyond traditional LNG equipment.
Expectations for Gas Tech Equipment orders outside LNG to exceed $3 billion for the full year.
Continuous focus on servicing the growing gas infrastructure market, with gas infrastructure opportunities expected to continue in the Middle East, U.S., Latin America, and Sub-Saharan Africa.
The comprehensive range of technologies and solutions provided by Baker Hughes positions the company for strong growth in New Energy projects.
Record new energy orders of $445 million in Q2 2024, setting the company on track to exceed previous year's bookings.
Strong capabilities across different technologies, including compression, pumps, valves, monitoring, and artificial lift, all contributing to new energy orders in projects like Wabash for CO2 sequestration.
Significant focus on technological differentiation, versatile portfolio, and potential for continued momentum in New Energy projects in the future.
Negative
- North America's market outlook remains challenging with lower-than-expected first half rig activity and tempered expectations for the second half, resulting in year-over-year spending declines in the mid-single-digits.
- The Latin American market has faced rig reactivation delays in Mexico, impacting the performance of OFSE in the region.
- Annual upstream growth opportunities in the future may decelerate as the global market focuses on optimizing production from existing assets, potentially affecting Baker Hughes' growth opportunities.
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BKR Earning Call Sentiment
Baker Hughes Company (BKR) Q2 2024 Earnings Call Transcript
1.0x
00:00
00:00
BKR.O
-4.41%Positive
The earnings call summary highlights strong financial performance with a 25% YoY revenue increase and record-high RPOs, indicating robust demand. Despite supply chain challenges, the company showcases resilience with improved margins and a solid cash position. Shareholder returns are substantial, enhancing sentiment. The Q&A reveals optimism for growth and new product launches, though some responses were vague. Considering the positive financial metrics, optimistic guidance, and shareholder returns, the overall sentiment is positive, likely resulting in a 2% to 8% stock price increase over the next two weeks.