Why Baker Hughes (BKR) Could Beat Earnings Estimates Again

Core Insights - Baker Hughes (BKR) has consistently beaten earnings estimates, particularly in the last two quarters, with an average surprise of 14% [1][2] - The company reported earnings of $0.67 per share against a consensus estimate of$0.60, resulting in an 11.67% surprise for the last quarter [2] - The positive change in earnings estimates and a favorable Earnings ESP indicate strong potential for future earnings beats [3][6] Earnings Performance - In the previous quarter, Baker Hughes exceeded expectations by reporting earnings of $0.57 per share compared to an estimate of$0.49, achieving a surprise of 16.33% [2] - The current Earnings ESP for Baker Hughes is +0.88%, suggesting analysts are optimistic about its near-term earnings potential [6] Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5] Upcoming Earnings - Baker Hughes is expected to release its next earnings report on January 30, 2025, and the combination of a positive Earnings ESP and a Zacks Rank 3 indicates a potential for another earnings beat [6]