Summary:
- Baker Hughes (BKR, Financial) is set to report its first-quarter earnings on April 22nd, with analysts anticipating positive year-over-year growth.
- Wall Street analysts offer a one-year price outlook with significant upside potential from the current stock price.
- The stock receives an "Outperform" consensus and aligns closely with its estimated GF Value.
Baker Hughes: Upcoming Q1 Earnings Announcement
Baker Hughes (BKR) is poised to release its first-quarter earnings report on Tuesday, April 22nd, following the close of the market. Analysts are forecasting earnings per share of $0.47, representing an impressive 9.3% increase compared to the same period last year. Additionally, revenue is projected to reach $6.5 billion, marking a steady growth of 1.6%. Despite recent downward revisions, Baker Hughes has consistently outperformed expectations in its previous financial disclosures.
Wall Street Analysts' Insights and Predictions
As per the analysis provided by 23 leading Wall Street analysts, Baker Hughes Co's (BKR, Financial) average price target for the next year is set at $49.74. This figure includes a high estimate of $58.00 and a low estimate of $40.00. The average target suggests a remarkable potential upside of 31.60% from the current stock price of $37.80. Investors can find more comprehensive details on the Baker Hughes Co (BKR) Forecast page.
Brokerage Recommendations and GF Value Assessment
Baker Hughes Co's (BKR, Financial) stock is currently rated with an average brokerage recommendation of 1.9 by 26 firms, indicating an "Outperform" status. This rating is based on a scale from 1 to 5, where 1 signifies a "Strong Buy" and 5 denotes "Sell".
According to GuruFocus estimates, the projected GF Value for Baker Hughes Co (BKR, Financial) one year from now is $38.03. This suggests a slight upward potential of 0.61% from the current stock price of $37.8. The GF Value is GuruFocus' proprietary measure of fair value, determined by analyzing the stock's historical trading multiples, its past growth trajectory, and future performance projections. More detailed analysis is available on the Baker Hughes Co (BKR) Summary page.
