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Baker Hughes (BHI) Posts Wider-than-Expected Q4 Loss

Baker Hughes Inc.BHI is one of the major oilfield service companies in the world, providing a range of services to the global oil and gas industry. The company is a major supplier of wellbore-related products and technology services and systems. It caters to drilling, pressure pumping, formation evaluation, completion and production, and reservoir technology. It also offers consulting services to the worldwide oil and natural gas industry.

Zacks Rank: Currently, Baker Hughes has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2016 earnings report which has just released. You can see the complete list of today's Zacks #1 Rank stocks here .

Coming to earnings surprise history, the company has a poor track record: it missed the Zacks Consensus Estimate in three of the last four quarters at an average rate of negative 32.05%.

Estimate Revision Trend: Investors should note that the earnings estimate revisions for Baker Hughes depicted pessimism prior to the earnings release. The Zacks Consensus Estimate for fourth-quarter 2016 has been revised wider to a loss of 12 cents from a loss of 10 cents over the prior 30 days.

Earnings: Loss per share from continuing operations (excluding special items) came in at 30 cents, much wider than the Zacks Consensus Estimate of 12 cents loss per share.

Revenue: Revenues of $2,410 million came above the Zacks Consensus Estimate of $2,369 million.

Key Stats: Of Baker Hughes' total quarterly revenue, North America, Europe/Africa/Russia/Caspian, Middle East/Asia-Pacific and Latin America accounted for 32.2%, 20.3%, 28.5% and 9.3%, respectively. The remainder was generated by the Industrial Services segment.

Check back later for our full write up on this Baker Hughes earnings report later!

Baker Hughes Incorporated Price and EPS Surprise

Baker Hughes Incorporated Price and EPS Surprise | Baker Hughes Incorporated Quote

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Baker Hughes Incorporated (BHI): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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