Baker Hughes (NASDAQ: BKR) has announced that it will be unveiling its third quarter financial results on Tuesday 22nd October 2024. This eagerly anticipated announcement is scheduled to occur after market close, ensuring that investors and analysts have the opportunity to gain valuable insights into the company's performance during the quarter.
In accordance with the predictions of financial analysts on Wall Street, the company is on track to report an expected per share of $0.61 profit for the quarter. Furthermore, the firm is projected to disclose a total revenue of $7.22 billion for this quarter.
Upon revisiting the corresponding quarter from the prior year, the company's earnings report demonstrated a per-share income of $0.42. This figure was attributed to the company's total revenue, which reached an impressive $6.64 billion during that same period.
The company's full-year performance projections, as provided by Wall Street analysts, suggest a total revenue of $28.01 billion. Further, they expect the earnings per share to achieve profit of $2.21 for the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.57 | +46.2% | 7.14 B | +13.0% |
| Q1 2024 | $0.43 | +53.6% | 6.42 B | +12.3% |
| Q4 2023 | $0.51 | +34.2% | 6.84 B | +15.7% |
| Q3 2023 | $0.42 | +61.5% | 6.64 B | +23.7% |
| Q2 2023 | $0.39 | +254.5% | 6.32 B | +25.2% |
| *Growth on year-over-year basis | ||||
BKR has scheduled a conference call on 23rd October 2024 at 09:30 AM eastern time to discuss the third quarter financial results and other related information.
During Friday's trading, Baker Hughes (BKR) shares reached a low of $35.99 and a high of $36.94, along with a total volume of 6.35 million shares. The stock ended the regular trading session at $36.40, indicating drop of 1.3 percent.
