Baker Hughes Inc. is one of the major oilfield service companies in the world, providing a range of services to the global oil and gas industry. The company is a major supplier of wellbore-related products and technology services and systems. It caters to drilling, pressure pumping, formation evaluation, completion and production, and reservoir technology. It also offers consulting services to the worldwide oil and natural gas industry.
Zacks Rank: Currently, Baker Hughes has a Zacks Rank #4 (Sell) but that could change following its first quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
Coming to earnings surprise history, the company has a poor track record: its missed estimates in three of the last four quarters at an average rate of negative 42.05%.
Earnings: Baker Hughes posted narrower loss than the consensus. Loss per share from continuing operations (excluding special items) came in at 4 cents, narrower than the Zacks Consensus Estimate of 21 cents loss per share.
Revenue: Revenues of $2,262 million came below the Zacks Consensus Estimate of $2,278 million.
Key Stats: Of Baker Hughes' total quarterly revenue, North America, Europe/Africa/Russia/Caspian, Middle East/Asia-Pacific and Latin America accounted for 31.5%, 20.4%, 29.2% and 8.9%, respectively. The remainder was generated by the Industrial Services segment.
Check back later for our full write up on this Baker Hughes earnings report later!
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Baker Hughes (BHI) Posts Narrower than Expected Loss in Q1
Baker Hughes Inc. is one of the major oilfield service companies in the world, providing a range of services to the global oil and gas industry. The company is a major supplier of wellbore-related products and technology services and systems. It caters to drilling, pressure pumping, formation evaluation, completion and production, and reservoir technology. It also offers consulting services to the worldwide oil and natural gas industry.
Zacks Rank: Currently, Baker Hughes has a Zacks Rank #4 (Sell) but that could change following its first quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
Coming to earnings surprise history, the company has a poor track record: its missed estimates in three of the last four quarters at an average rate of negative 42.05%.
Earnings: Baker Hughes posted narrower loss than the consensus. Loss per share from continuing operations (excluding special items) came in at 4 cents, narrower than the Zacks Consensus Estimate of 21 cents loss per share.
Baker Hughes Incorporated Price and EPS Surprise
Baker Hughes Incorporated Price and EPS Surprise | Baker Hughes Incorporated Quote
Revenue: Revenues of $2,262 million came below the Zacks Consensus Estimate of $2,278 million.
Key Stats: Of Baker Hughes' total quarterly revenue, North America, Europe/Africa/Russia/Caspian, Middle East/Asia-Pacific and Latin America accounted for 31.5%, 20.4%, 29.2% and 8.9%, respectively. The remainder was generated by the Industrial Services segment.
Check back later for our full write up on this Baker Hughes earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging
phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>