Baker Hughes Co reports results for the quarter ended June 30 - Earnings Summary
Baker Hughes Co reports results for the quarter ended June 30 - Earnings Summary
Baker Hughes Co BKR.OQ reported quarterly adjusted earnings of 64 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 63 cents. The mean expectation of twenty four analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 39 cents to 64 cents per share.
Revenue fell 2.4% to $6.74 billion from a year ago; analysts expected $6.52 billion.
Baker Hughes Co's reported EPS for the quarter was 68 cents.
The company reported quarterly net income of $681 million.
Baker Hughes Co shares had risen by 1.1% this quarter and gained 23.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 0.1% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is also "buy"
Wall Street's median 12-month price target for Baker Hughes Co is $71.00, about 19.4% above its last closing price of $57.25
This summary was machine generated from LSEG data July 27 at 01:41 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.50 | 0.64 | Beat |
Mar. 31 2026 | 0.49 | 0.58 | Beat |
Dec. 31 2025 | 0.67 | 0.78 | Beat |
Sep. 30 2025 | 0.62 | 0.68 | Beat |
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