Baker Hughes Yesterday Sees FY24 Revenue $26.50B-$28.50B Vs $28.11B Est.
Portfolio Pulse from Benzinga Newsdesk
Baker Hughes has projected its FY24 revenue to be in the range of $26.50 billion to $28.50 billion, which is a broad range that includes a midpoint below the estimated $28.11 billion.
January 24, 2024 | 1:43 pm
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Baker Hughes has provided a revenue forecast for FY24 that may not meet analysts' expectations, with a range that has a midpoint below the consensus estimate.
The projected revenue range for Baker Hughes has a midpoint slightly below the consensus estimate, which could be interpreted by the market as a negative signal regarding the company's future performance. This may lead to a short-term negative impact on the stock price as investors adjust their expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100