Street View: Brokerages remains positive on Baker Hughes after Q1 profit beat

Oilfield services company Baker Hughes BKR.O beat Q1 profit estimates, helped by sustained demand for its drilling equipment and technology in international markets and North America

BKR posted Q1 adjusted profit of 51 cents per share vs est of 48 cents per share - data compiled by LSEG

STRONG IET MARGINS DESPITE TARIFF CONCERNS

J.P. Morgan ("overweight", PT: $52) says it was critical for BKR's robust outlook for the industrial and energy technology unit to be largely intact despite headwinds from tariffs and macro uncertainty

The IET unit includes products such as compressors, turbines, valves, and modular systems for gas processing

Stifel ("buy", PT: $52) says BKR's reiterated forecast for IET unit highlights better visibility, supported by its robust backlog and expectations for minimal tariff impacts

"We believe this showcases the strength and relative resiliency of the segment" - brokerage

RBC Capital Markets ("outperform", PT: $50) says we think the relative resilience of its IET results and forecast warrant some outperformance versus its peers

"However, we would not be surprised to see the stock return some of its recent outperformance based on lower Q2 and 2025 guidance" - brokerage