Earnings Outlook For Baker Hughes
Portfolio Pulse from Benzinga Insights
Baker Hughes (NASDAQ:BKR) is set to release its latest quarterly earnings report on October 25, 2023. Analysts estimate an earnings per share (EPS) of $0.40. The company's past performance shows a pattern of share price drops following earnings beats. The stock was trading at $34.67 as of October 23, with a 31.5% increase over the last 52-week period.
October 24, 2023 | 3:01 pm
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Baker Hughes is expected to report an EPS of $0.40. The company's stock price has historically dropped following earnings beats. The stock is currently trading at $34.67, up 31.5% over the last 52 weeks.
Baker Hughes has a history of its stock price dropping following earnings beats. Given that analysts are predicting an EPS of $0.40, if the company beats this estimate, it could potentially lead to a drop in the stock price, based on past trends. The stock has been performing well over the past year, which could indicate investor confidence in the company.
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IMPORTANCE 80
RELEVANCE 100