In its upcoming report, Baker Hughes (BKR) is predicted by Wall Street analysts to post quarterly earnings of $0.51 per share, reflecting a decline of 19.1% compared to the same period last year. Revenues are forecasted to be $6.49 billion, representing a year-over-year decrease of 6.1%.
The consensus EPS estimate for the quarter has undergone a downward revision of 2.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Baker Hughes metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Revenue- Oilfield Services & Equipment' will likely reach $3.23 billion. The estimate indicates a change of -10.7% from the prior-year quarter.
Analysts expect 'Revenue- Industrial & Energy Technology' to come in at $3.26 billion. The estimate points to a change of -1.1% from the year-ago quarter.
It is projected by analysts that the 'Revenue- Gas Technology Services' will reach $820.21 million. The estimate suggests a change of +9.1% year over year.
The consensus among analysts is that 'Revenue- Climate Technology Solutions' will reach $216.18 million. The estimate indicates a year-over-year change of +38.6%.
According to the collective judgment of analysts, 'Revenue- Oilfield Services & Equipment- North America' should come in at $936.27 million. The estimate indicates a change of +0.9% from the prior-year quarter.
Analysts forecast 'Revenue- Oilfield Services & Equipment- International' to reach $2.29 billion. The estimate indicates a year-over-year change of -14.9%.
The collective assessment of analysts points to an estimated 'Revenue- Oilfield Services & Equipment- International- Middle East/Asia' of $1.09 billion. The estimate points to a change of -22.1% from the year-ago quarter.
The average prediction of analysts places 'Revenue- Oilfield Services & Equipment- International- Europe/CIS/Sub-Saharan Africa' at $567.14 million. The estimate suggests a change of -13.2% year over year.
Analysts' assessment points toward 'Orders - Industrial & Energy Technology - Gas Technology Services' reaching $918.38 million. The estimate compares to the year-ago value of $986.00 million.
Analysts predict that the 'Orders - Climate Technology Solutions' will reach $292.21 million. The estimate is in contrast to the year-ago figure of $923.00 million.
Based on the collective assessment of analysts, 'Orders - Industrial & Energy Technology' should arrive at $3.66 billion. The estimate is in contrast to the year-ago figure of $3.53 billion.
The consensus estimate for 'Orders - Industrial & Energy Technology - Gas Technology Equipment' stands at $1.64 billion. The estimate is in contrast to the year-ago figure of $781.00 million.
View all Key Company Metrics for Baker Hughes here>>>Over the past month, shares of Baker Hughes have returned -6.8% versus the Zacks S&P 500 composite's -0.6% change. Currently, BKR carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Baker Hughes Company (BKR): Free Stock Analysis Report
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