Baker Hughes(BKR) ZACKS·2025-01-31 00:16Core Insights - Baker Hughes (BKR) reported quarterly earnings of $0.70 per share, exceeding the Zacks Consensus Estimate of $0.63 per share, and up from $0.51 per share a year ago, representing an earnings surprise of 11.11% [1] - The company achieved revenues of $7.36 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.81%, compared to $6.84 billion in the same quarter last year [2] - Baker Hughes has outperformed the S&P 500, gaining about 5% since the beginning of the year, while the S&P 500 has gained 2.7% [3] Earnings Outlook - The future performance of Baker Hughes' stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][5] - Current consensus EPS estimate for the upcoming quarter is $0.51 on revenues of $6.58 billion, and for the current fiscal year, it is $2.55 on revenues of $27.95 billion [7] Industry Context - The Oil and Gas - Field Services industry, to which Baker Hughes belongs, is currently ranked in the bottom 16% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Baker Hughes' stock may also be influenced by the overall outlook for the industry [8]