Baker Hughes Co reports results for the quarter ended in December - Earnings Summary

Published on January 23, 2023 05:01 AM PST

Baker Hughes Co reports results for the quarter ended in December - Earnings Summary — Image source: ©2022 Kalkine Media®

* Baker Hughes Co reported quarterly adjusted earnings of 38 cents per share for the quarter ended in December. The mean expectation of twenty one analysts for the quarter was for earnings of 40 cents per share. * Revenue rose 7% to $5.91 billion from a year ago; analysts expected $6.06 billion. * Baker Hughes Co's reported EPS for the quarter was 18 cents. * The mean earnings estimate of analysts had risen by about 1.8% in the last three months. * In the last 30 days three analysts negatively revised earnings estimates * Baker Hughes Co shares had risen by 5.2% this quarter. * The company reported quarterly net income of $182 million. * Wall Street's median 12-month price target for Baker Hughes Co is $35.00 * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." This summary was machine generated from Refinitiv data January 23 at 01:01 p.m. All figures in US dollars unless otherwise stated. QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Dec. 31 2022 0.40 0.38 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

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