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

• Baker Hughes Co BKR.OQ reported quarterly adjusted earnings of 51 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 43 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 48 cents per share. Wall Street expected results to range from 44 cents to 51 cents per share.

• Revenue rose 0.1% to $6.43 billion from a year ago; analysts expected $6.49 billion.

• Baker Hughes Co's reported EPS for the quarter was 40 cents​.

• The company reported quarterly net income of $402 million.

• Baker Hughes Co shares had fallen by 14.0% this quarter and lost 7.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.5% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy," 3 "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 $50.00

This summary was machine generated from LSEG data April 22 at 09:37 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)