Earnings from Baker Hughes Company [BKR] are scheduled on April 21, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
BKR Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.11 per share on revenue of $4.8B. Taking a look at the future, the company is projected to report revenue of $4.96B at an earnings per share of $0.14 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 6.60% in revenue and 53.90% in earnings per share for the company.
BKR Stock Earnings Forecast For The Current Year
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For the full financial year, Baker Hughes Company [NYSE:BKR] is forecasted to generate revenue of $20.53B. The figure is about $-170.0 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.72 in 2021, which is $0.69 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 2,300.00% this year, 54.20% next year, and 3.25% annually over the next five years. With regard to sales, forecasts suggest a decline of -0.90% in current fiscal year and 6.60% over following year.
BKR Stock Price Performance
At the close of Tuesday’s session, Baker Hughes Company [NYSE:BKR] finished down -2.60% at $19.51. The stock’s highest single-day price was $19.96, and its lowest was $19.25. Its price fall -1.86% in the last five days. Since the beginning of the year, Baker Hughes Company’s shares are down nearly -6.43%. However, the share price is -23.91% below its one year high. The top price reached by the shares of the company was $25.64 on 02/25/21, while the 52-week low came on 04/20/21, when the shares were $19.25. In the past year, shares of the company have risen 50.31%. At 50 days, the moving average achieved is $22.62 while at 200 days, the moving average is $18.64. There were 13.48 million shares traded in the last session, up from 7.86 million in the previous session.
Baker Hughes Company [NYSE:BKR] Stock Valuation Metrics
Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 0.97 PS value ratio is reported for the last one year of reported earnings. This is below the average return 1.17 for the industry, which means BKR offers an attractive investment opportunity than its competitors do.
BKR Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 19.51 level, and the violation of this level will cause a further drop to 19.19 level. At the upper end, 20.61 remains a key resistance. As the stock increases, it may find resistance at 20.28. In the 14-day chart, the Relative Strength Index standing at 31.56 suggests a technical neutral stance while the MACD standing at -0.70 indicates price will decrease in the next trading period. Stochastic %K at 12.77% suggests buying the stock while Percent R indicator at 90.04% suggests bearish price movement.
How much is the short interest in Baker Hughes Company?
There have been a drop in short interest in the Baker Hughes Company Financial stock, with short interest up by 29.61 million shares to 9.38 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 38.99 million shares. This -315.67% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 8.49% of the overall float in the stock, while the stock’s days to cover moved to 4.16.
How do analysts view Baker Hughes Company?
In regard to the share price forecast for Baker Hughes Company stock, the analysts, as surveyed by FactSet, forecast the price to reach $26.00 in the next twelve months, representing almost an 24.96% growth from its recent price of $19.51. Among Baker Hughes Company stock projections, $39.00 is the highest analyst target for the stock, while $15.00 is the lowest. Despite this, 29 analysts who share their consensus rating for BKR in 2021 agree that the stock is an Overweight. The latest rating change took place on 4/19/21, when BMO Capital Ratings upgraded the stock from “Market Perform” to “Outperform.”