History of Baker Hughes Incorporated (NYSE:BHI) stock price after earnings

History of Baker Hughes Incorporated (NYSE:BHI) stock price after earnings

History of Baker Hughes Incorporated (NYSE:BHI) stock price after earnings

Baker Hughes Incorporated (NYSE:BHI) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 25, 2017. The stock lost about -11.5 percent in price since last results when it was at $63.6 a share. Based on the most relevant past-periods data, there is an 64.29 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 18 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 41% of the time in its last 12 earnings reports. It fell short of earnings estimates on 5 occasions, and it has met expectations 1 time.

Here’s how traders responded to BHI earnings announcements over the past few quarters.

Baker Hughes Incorporated (BHI) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was -42.05 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $-0.3 which missed the consensus $-0.12 projection (negative surprise of-150%). For the quarter, revenue came in at 2.41B versus consensus estimate of 2.37B. The stock dropped -0.79 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.

On October 25, 2016, it reported earnings at $-0.15 a share compared with the consensus estimate of $-0.43 per share (positive surprise of 65.12%). Revenue of 2.35B for that quarter was below the $2.41B analysts had expected. The stock climbed 4.29% the day following the earnings announcement, and on 7th day price change was 6.23%.

On July 28, 2016, it recorded $-0.9 a share in earnings which missed the consensus estimate of $-0.6 (negative surprise of -50%). Revenue for the quarter was $2.41B while analysts called for revenues to be $2.32B. The stock gained 3.41% the day following the earnings data was made public, and on 7th day price change was 5.86%.

On April 27, 2016, it announced earnings per share at $-0.44 versus the consensus estimate of $-0.33 per share (negative surprise of -33.33%). That came on revenues of $2.67B for that period. Analysts had expected $2.85B in revenue.

Baker Hughes Incorporated Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $-0.19. The analysts’ present consensus range is $-0.26-$0.02 for EPS. The market consensus range for revenue is between $2.21B and $2.6B, with an average of $2.29B.

Baker Hughes Incorporated (NYSE:BHI) last ended at $56.68, sending the company’s market cap near $24.11B. The consensus 12-month price target from analysts covering the stock is $69.7. The share price has declined -17.14% from its top level in 52 weeks and advanced -12.52% this year. It recently traded in a range of $56.15-$56.87 at a volume of 1665250 shares. The recent trading ended with the price nearly -5.49 lower for the last 5 trading days, rebounding 50.51% from its 52-week low.

 

Leave a reply

0 Comments

There are no comments on this post.

Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.

CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.

Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.

When trading in stocks your capital is at risk.

Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.