Baker Hughes Co reports results for the quarter ended June 30 - Earnings Summary

• Baker Hughes Co BKR reported quarterly adjusted earnings of 63 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 57 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 56 cents per share. Wall Street expected results to range from 52 cents to 59 cents per share.

• Revenue fell 3.2% to $6.91 billion from a year ago; analysts expected $6.64 billion.

• Baker Hughes Co's reported EPS for the quarter was 71 cents​.

• The company reported quarterly net income of $701 million.

• Baker Hughes Co shares had risen by 3.9% this quarter and lost 2.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.9% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is also "buy"

• Wall Street's median 12-month price target for Baker Hughes Co is $46.00, about 13.4% above its last closing price of $39.85

This summary was machine generated from LSEG data July 22 at 10:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)