Baker Hughes Co reports results for the quarter ended December 31 - Earnings Summary

• Baker Hughes Co BKR.OQ reported quarterly adjusted earnings of 70 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 51 cents. The mean expectation of twenty three analysts for the quarter was for earnings of 63 cents per share. Wall Street expected results to range from 60 cents to 67 cents per share.

• Revenue rose 7.7% to $7.36 billion from a year ago; analysts expected $7.08 billion.

• Baker Hughes Co's reported EPS for the quarter was $1.18​.

• The company reported quarterly net income of $1.18 billion.

• Baker Hughes Co shares had risen by 5.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy," 5 "hold" and no "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 $49.00

This summary was machine generated from LSEG data January 30 at 10:46 p.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)