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.