Baker Hughes (BKR) reported $6.84 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 15.8%. EPS of $0.51 for the same period compares to $0.38 a year ago.
The reported revenue represents a surprise of -1.08% over the Zacks Consensus Estimate of $6.91 billion. With the consensus EPS estimate being $0.47, the EPS surprise was +8.51%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company’s financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.
Here is how Baker Hughes performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Orders – Industrial & Energy Technology: $3.03 billion versus the four-analyst average estimate of $3.13 billion.
- Orders – Oilfield Services: $3.87 billion versus $4.08 billion estimated by three analysts on average.
- Orders – Total: $6.90 billion versus the three-analyst average estimate of $7.24 billion.
- Orders – Industrial & Energy Technology – Gas Technology – Equipment: $1.30 billion versus the two-analyst average estimate of $1.34 billion.
- Revenue- Oilfield Services & Equipment- International: $2.94 billion versus the three-analyst average estimate of $3.03 billion.
- Revenue- Oilfield Services & Equipment- North America: $1.02 billion compared to the $1.04 billion average estimate based on three analysts.
- Revenue- Oilfield Services & Equipment- International- Europe/CIS/Sub-Saharan Africa: $707 million versus $698.48 million estimated by two analysts on average.
- Revenue- Oilfield Services & Equipment- International- Middle East/Asia: $1.52 billion compared to the $1.52 billion average estimate based on two analysts.
- Revenue- Industrial & Energy Technology: $2.88 billion versus $2.95 billion estimated by seven analysts on average.
- Revenue- Oilfield Services & Equipment: $3.96 billion compared to the $3.96 billion average estimate based on seven analysts. The reported number represents a change of +32.8% year over year.
- Revenue- Gas Technology- Equipment: $1.21 billion versus the five-analyst average estimate of $1.32 billion.
- Revenue- Gas Technology- Total: $1.92 billion versus $2.07 billion estimated by five analysts on average.
View all Key Company Metrics for Baker Hughes here>>>
Shares of Baker Hughes have returned -9.2% over the past month versus the Zacks S&P 500 composite’s +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Baker Hughes Company (BKR) : Free Stock Analysis Report
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