Baker Hughes(US:BKR) ZACKSยท2025-04-04 17:15Core Viewpoint - Baker Hughes (BKR) is positioned well to continue its trend of beating earnings estimates, particularly in the oil and gas field services industry [1]. Earnings Performance - Baker Hughes has a strong track record of beating earnings estimates, with an average surprise of 11.39% over the last two quarters [2]. - In the most recent quarter, the company reported earnings of $0.70 per share against an expectation of $0.63, resulting in a surprise of 11.11% [2]. - For the previous quarter, Baker Hughes exceeded the consensus estimate of $0.60 per share by reporting $0.67, achieving a surprise of 11.67% [2]. Earnings Estimates and Predictions - Estimates for Baker Hughes have been trending higher, influenced by its history of earnings surprises [5]. - The company currently has a positive Zacks Earnings ESP (Expected Surprise Prediction) of +1.87%, indicating bullish sentiment among analysts regarding its near-term earnings potential [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat in the upcoming report [8]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7]. Future Outlook - Baker Hughes is expected to release its next earnings report on April 22, 2025, which could further validate its positive earnings trajectory [8].