We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Baker Hughes (BKR) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Baker Hughes (BKR - Free Report) closed the most recent trading day at $36.05, moving -0.14% from the previous trading session. This move lagged the S&P 500's daily gain of 0.38%. Meanwhile, the Dow gained 0.11%, and the Nasdaq, a tech-heavy index, added 0.54%.
Heading into today, shares of the oilfield services company had gained 0.92% over the past month, lagging the Oils-Energy sector's gain of 2.74% and outpacing the S&P 500's loss of 1.68% in that time.
Investors will be hoping for strength from Baker Hughes as it approaches its next earnings release. In that report, analysts expect Baker Hughes to post earnings of $0.39 per share. This would mark year-over-year growth of 50%. Our most recent consensus estimate is calling for quarterly revenue of $6.51 billion, up 21.24% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.53 per share and revenue of $25.47 billion, which would represent changes of +71.91% and +20.39%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Baker Hughes. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.07% higher within the past month. Baker Hughes is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Baker Hughes's current valuation metrics, including its Forward P/E ratio of 23.63. This represents a premium compared to its industry's average Forward P/E of 18.32.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 85, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Baker Hughes (BKR) Stock Sinks As Market Gains: What You Should Know
Baker Hughes (BKR - Free Report) closed the most recent trading day at $36.05, moving -0.14% from the previous trading session. This move lagged the S&P 500's daily gain of 0.38%. Meanwhile, the Dow gained 0.11%, and the Nasdaq, a tech-heavy index, added 0.54%.
Heading into today, shares of the oilfield services company had gained 0.92% over the past month, lagging the Oils-Energy sector's gain of 2.74% and outpacing the S&P 500's loss of 1.68% in that time.
Investors will be hoping for strength from Baker Hughes as it approaches its next earnings release. In that report, analysts expect Baker Hughes to post earnings of $0.39 per share. This would mark year-over-year growth of 50%. Our most recent consensus estimate is calling for quarterly revenue of $6.51 billion, up 21.24% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.53 per share and revenue of $25.47 billion, which would represent changes of +71.91% and +20.39%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Baker Hughes. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.07% higher within the past month. Baker Hughes is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Baker Hughes's current valuation metrics, including its Forward P/E ratio of 23.63. This represents a premium compared to its industry's average Forward P/E of 18.32.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 85, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.