Baker Hughes (NASDAQ:BKR) Issues Earnings Results

by · The Cerbat Gem

Baker Hughes (NASDAQ:BKR – Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09, Zacks reports. Baker Hughes had a return on equity of 13.85% and a net margin of 11.17%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 EPS.

Baker Hughes Trading Up 5.3%

Baker Hughes stock traded up $2.99 during trading hours on Tuesday, hitting $59.00. The company had a trading volume of 13,194,997 shares, compared to its average volume of 8,638,555. The firm has a market cap of $58.57 billion, a P/E ratio of 19.03, a P/E/G ratio of 2.66 and a beta of 1.04. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.76 and a current ratio of 2.09. Baker Hughes has a 1 year low of $44.26 and a 1 year high of $70.41. The company has a 50-day moving average price of $58.68 and a two-hundred day moving average price of $59.97.

Key Stories Impacting Baker Hughes

Here are the key news stories impacting Baker Hughes this week:

  • Positive Sentiment: Quarterly results exceeded expectations. Baker Hughes reported adjusted earnings of $0.70 per share, above consensus estimates ranging from $0.60 to $0.63 and up from $0.68 a year earlier. Revenue reached approximately $8.03 billion, surpassing the $7.75 billion FactSet estimate. Baker Hughes Q3 Earnings and Revenues Surpass Estimates
  • Positive Sentiment: Strong bookings and backlog support future growth. Third-quarter orders totaled $10.8 billion, including $5.9 billion in Industrial & Energy Technology orders. Total remaining performance obligations rose to $46.4 billion, with a record $39.4 billion in IET backlog, providing substantial future revenue visibility. Baker Hughes Announces Third-Quarter 2026 Results
  • Positive Sentiment: AI data-center demand created a sizable new opportunity. A major U.S. technology company selected Baker Hughes’ power-generation and cooling solutions for high-density AI computing. The integrated order is expected to provide approximately 1.1 gigawatts of power and includes turbines, generators, gearboxes and Chart dry-cooling equipment. Baker Hughes AI Computing Order
  • Positive Sentiment: Shareholder returns remain supported by the dividend. Baker Hughes declared a quarterly dividend of $0.23 per share, payable November 20 to shareholders of record November 10. Baker Hughes Declares Quarterly Dividend
  • Negative Sentiment: GAAP profitability declined year over year. Reported third-quarter profit fell to $411 million, or $0.41 per share, from $609 million, or $0.61 per share, a year earlier. This decline could limit enthusiasm despite the adjusted earnings and revenue beats. Baker Hughes Reports Lower Third-Quarter Profit

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. UBS Group cut their price target on shares of Baker Hughes from $72.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Royal Bank Of Canada raised their price objective on shares of Baker Hughes from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. The Goldman Sachs Group restated a “buy” rating and set a $71.00 target price on shares of Baker Hughes in a research report on Tuesday, September 29th. Barclays dropped their target price on Baker Hughes from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, July 16th. Finally, Zacks Research raised Baker Hughes from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Baker Hughes has an average rating of “Moderate Buy” and an average price target of $72.10.

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About Baker Hughes

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Baker Hughes Company (NASDAQ: BKR) is an energy technology company that provides products, services and digital solutions for the oil and gas industry and other energy-related markets. Its offerings support the exploration, drilling, completion, production and maintenance of energy assets across the lifecycle of a project.

The company’s oilfield services and equipment business provides technologies such as drilling systems, well completions, artificial lift, subsea equipment, production chemicals and well intervention services.

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