* Baker Hughes Co reported quarterly adjusted earnings of 43 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of twenty four analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 35 cents to 42 cents per share.
* Revenue rose 12.3% to $6.42 billion from a year ago; analysts expected $6.37 billion.
* Baker Hughes Co's reported EPS for the quarter was 45 cents.
* The company reported quarterly net income of $455 million.
* Baker Hughes Co shares had fallen by 3.1% this quarter and lost 5.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 1.8% in the last three months.
* In the last 30 days, thirteen analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the oil related services and equipment peer group is also "buy"
Wall Street's median 12-month price target for Baker Hughes Co is $40.50 This summary was machine generated from LSEG data April 23 at 09:43 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.40 0.43 Beat
Dec. 31 2023 0.48 0.51 Beat
Sep. 30 2023 0.40 0.42 Beat
Jun. 30 2023 0.33 0.39 Beat
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