Baker Hughes (BKR) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.51 per share a year ago.
U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Thursday, helped by demand for its industrial and technology products.
BKR's Q4 earnings are likely to have been aided by a rising demand for its oilfield services in the expanding offshore energy sector.
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U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes said in its closely followed report on Friday.
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.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest since December 2021, energy services firm Baker Hughes said in its closely followed report on Friday.
While Nvidia loses support in a risky late-stage base, Baker Hughes stock taps strong growth and AI to drill toward a breakout. The post AI-Fueled Energy Stock Has This Edge Over The Nvidias Of The World appeared first on Investor's Business Daily.
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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.
Baker Hughes Company is progressing towards a 20% EBITDA margin target, with OFSE at 19.30% and IET at 17.02%, driven by structural improvements. Baker Hughes is expanding its digital technology with new AI-driven solutions based on 20 years of monitoring and diagnostics data on BKR machines. Management is forecasting Baker Hughes's serviceable installed base to grow by 20% through 2030 as more LNG capacity comes online.
Operational milestones and cost efficiency drive BKR's 20% rise in 2024, but premium valuation and cyclicality risks warrant cautious optimism.