Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Baker Hughes Company (BKR)
NASDAQ:BKR
Holding BKR?
Track your performance easily
Earnings Data
Report Date
Jan 30, 2025After Close Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.63Last Year’s EPS
$0.51Same Quarter Last Year
Strong Buy
Based on 21 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 22, 2024
|% Change Since: 12.69%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
The earnings call indicated a strong financial performance with record EBITDA, robust orders, and significant margin improvements, although some timing issues with revenue and a decline in North America revenues were noted.Company Guidance
During the Baker Hughes Third Quarter 2024 Earnings Call, the company reported a record quarterly EBITDA, marking the third consecutive quarter of at least 20% year-on-year EBITDA growth and a 2.7 percentage point increase in EBITDA margins to 17.5%. Total company orders stood robust, with $2.9 billion specifically from Industrial & Energy Technology (IET), contributing to the eighth consecutive quarter of IET orders at or above this level. The company generated $754 million in free cash flow, maintaining confidence in achieving the midpoint of its full-year EBITDA guidance. Notably, the New Energy segment saw strong order momentum, reaching $287 million for the quarter and $971 million year-to-date, exceeding the high end of the company's $800 million to $1 billion order guidance. The company anticipates global LNG demand to grow by 75% by 2040, supporting a constructive environment for further growth in gas infrastructure equipment orders.Record Quarterly EBITDA
Achieved a record quarterly EBITDA and the third consecutive quarter of at least 20% year-on-year EBITDA growth. EBITDA margins increased by 2.7 percentage points to 17.5%, the highest since 2017.
Strong Free Cash Flow
Generated free cash flow of $754 million during the quarter, bringing the year-to-date total to almost $1.4 billion.
Robust Orders for IET
Total company orders were $6.7 billion, including $2.9 billion from IET, marking continuous strong performance.
New Energy Growth
Booked $287 million in New Energy during the quarter, increasing year-to-date orders to $971 million, expected to exceed $1 billion for the first time.
Margin Improvement Initiatives
Significant self-help initiatives contributed to margin improvements, with corporate costs reduced by $60 million annually over two years.
---
BKR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
BKR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $35.78 | $36.79 | +2.82% |
| Jul 25, 2024 | $35.17 | $37.21 | +5.80% |
| Apr 23, 2024 | $32.40 | $32.08 | -0.99% |
| Jan 23, 2024 | $30.74 | $29.28 | -4.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Baker Hughes Company (BKR) report earnings?
Baker Hughes Company (BKR) is schdueled to report earning on Jan 30, 2025, After Close Not Confirmed.
What is Baker Hughes Company (BKR) earnings time?
Baker Hughes Company (BKR) earnings time is at Jan 30, 2025, After Close Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BKR EPS forecast?
BKR EPS forecast for the fiscal quarter 2024 (Q4) is $0.63.
---
