The headlines from President Trump's Middle East trip trumpeted the deals made by many of the leading technology companies. However, investors should note that the U.S. delegation included three oil services companies' chief executive officers (CEOs).
The downbeat mood on Wall Street could be a great opportunity to buy the dip in quality stocks, according to a Wednesday report by J.P. Morgan.
Although the revenue and EPS for Baker Hughes (BKR) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Baker Hughes Company (NASDAQ:BKR ) Q1 2025 Earnings Conference Call April 23, 2025 9:30 AM ET Company Participants Chase Mulvehill - Vice President, Investor Relations Lorenzo Simonelli - Chairman and CEO Ahmed Moghal - Executive Vice President & Chief Financial Officer Conference Call Participants Arun Jayaram - JPMorgan Stephen Gengaro - Stifel Scott Gruber - Citigroup Saurabh Pant - Bank of America David Anderson - Barclays Operator Good day, ladies and gentlemen, and welcome to the Baker Hughes Company First Quarter 2025 Earnings Call. At this time all participants are in a listen-only mode.
Strong demand for natural gas technology and an improving EBITDA margin aid BKR's Q1 earnings.
Baker Hughes reported mixed Q1'25 results; strong growth in Infrastructure & Energy Technology (IET) offsets Oilfield Services & Equipment (OFSE) uncertainty. Reiterating BUY rating with a $46/share target. Total orders declined by 1.27%, driven by a 9.46% drop in OFSE. However, IET orders increased by 9%, fueled by a 17% rise in gas technology. Despite tariff-related headwinds, Baker Hughes remains poised for growth in gas tech and data center power solutions.
Baker Hughes (BKR) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.43 per share a year ago.
Healthy oil and gas prices are likely to have aided demand for oilfield services, which, in turn, is expected to have backed EQT's earnings in Q1.
Baker Hughes (BKR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Baker Hughes (BKR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
U.S. energy firms this week cut the total number of rigs operating for a second week in a row, even as the number of oil rigs rose to the highest since June, energy services firm Baker Hughes said in its closely followed report on Friday.
Baker Hughes (BKR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.