Baker Hughes (BKR, Financial) has announced its financial results for the first quarter, recording a revenue of $6.4 billion. This figure falls slightly short of the market's forecast, which stood at $6.5 billion.
The company has been building on the momentum carried over from 2024, achieving several first-quarter records. Key to these accomplishments are its ongoing transformation efforts and strong operational execution, which have played crucial roles in improving structural margins across its business segments.
Despite encountering a challenging market environment, Baker Hughes' strategic streamlining initiatives have established a robust framework to enhance margins and boost returns. The company's leadership remains optimistic about the future, driven by focused efforts to optimize its operations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Baker Hughes Co (BKR, Financial) is $49.74 with a high estimate of $58.00 and a low estimate of $40.00. The average target implies an upside of 29.68% from the current price of $38.36. More detailed estimate data can be found on the Baker Hughes Co (BKR) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Baker Hughes Co's (BKR, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Baker Hughes Co (BKR, Financial) in one year is $38.03, suggesting a downside of 0.86% from the current price of $38.36. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Baker Hughes Co (BKR) Summary page.