Earnings Outlook For Baker Hughes
Portfolio Pulse from Benzinga Insights
Baker Hughes (NASDAQ:BKR) is expected to release its quarterly earnings report on Tuesday, 2024-01-23, with analysts predicting an EPS of $0.48. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Baker Hughes' stock price has been sensitive to earnings performance and guidance. Last quarter, the company beat EPS estimates by $0.02, leading to a 2.94% stock price increase the following day. Over the past year, BKR shares have risen by 2.35%, trading at $30.7 as of January 19.
January 22, 2024 | 4:00 pm
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Baker Hughes is anticipated to report quarterly earnings with an expected EPS of $0.48. Positive guidance and an earnings beat could positively influence the stock price, as seen in the last quarter with a 2.94% rise post-earnings.
Given the historical sensitivity of BKR's stock price to earnings performance and guidance, a positive report exceeding the $0.48 EPS estimate could lead to a short-term increase in stock price. The importance is high as earnings reports are critical events for investors, and the confidence level reflects the consistent past performance impact on the stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100