Baker Hughes Co <BKR.O>: Profits of 38 cents announced for fourth quarter

Published on January 23, 2023 05:01 AM PST

Baker Hughes Co <BKR.O>: Profits of 38 cents announced for fourth quarter — Image source: ©2022 Kalkine Media®

23 January 2023 01:01 p.m. All figures in US dollars. The profits announced by Baker Hughes Co in the fourth quarter were lower than the Refinitiv mean estimate of profits. The company reported profits of 38 cents per share, 13 cents higher than the same quarter last year when the company reported EPS of 25 cents. Profits of 40 cents per share were anticipated by the nineteen analysts providing estimates for the quarter. Wall Street expected results to range from 32 cents to 44 cents per share, with a forecasted mean of 40 cents per share. The company reported revenue of $5.91 billion, which is lower than the estimated $6.06 billion. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". * The average consensus recommendation for the oil related services and equipment peer group is also "Buy". FORECAST CHANGES * Nineteen analysts are currently providing Refinitiv with estimates. * In the last week there have been no positive earnings revisions and three analysts have revised earnings estimates downwards. There was no change to the number of estimates. YEAR OVER YEAR * The company reported an increase in revenue to $5.91 billion from $5.52 billion in the same quarter last year. * Previous quarterly performance (using earnings preferred measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Sep. 30 2022 0.24 0.26 Beat Jun. 30 2022 0.22 0.11 Missed Mar. 31 2022 0.20 0.15 Missed Dec. 31 2021 0.28 0.25 Missed This summary was machine generated from Refinitiv data January 23 at 01:01 p.m.

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