Will Baker Hughes (BKR) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Baker Hughes (BKR) is well-positioned to continue its earnings-beat streak in the upcoming report, having surpassed earnings estimates consistently in recent quarters [1]. Earnings Performance - In the most recent quarter, Baker Hughes reported earnings of $0.68 per share, exceeding the expected $0.61 per share by 11.48%. In the previous quarter, the company reported $0.63 per share against an estimate of $0.55 per share, resulting in a surprise of 14.55% [2]. Earnings Estimates and Predictions - Recent estimates for Baker Hughes have been increasing, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat. The current Earnings ESP stands at +1.96% [5][8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high probability of another earnings beat, with historical data showing that stocks with this combination beat estimates nearly 70% of the time [6][8]. Earnings ESP Explanation - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions, which may be more accurate than earlier predictions [7].