Wall Street brokerages expect Baker Hughes, a GE company Class A (NASDAQ:BHGE) to report sales of $5.76 billion for the current quarter, according to Zacks. Three analysts have made estimates for Baker Hughes, a GE company Class A’s earnings. The highest sales estimate is $6.21 billion and the lowest is $5.44 billion. Baker Hughes, a GE company Class A posted sales of $2.35 billion during the same quarter last year, which would indicate a positive year over year growth rate of 145.1%. The company is expected to announce its next quarterly earnings results on Tuesday, October 24th.

On average, analysts expect that Baker Hughes, a GE company Class A will report full-year sales of $5.76 billion for the current financial year, with estimates ranging from $22.86 billion to $23.79 billion. For the next financial year, analysts forecast that the company will report sales of $25.06 billion per share, with estimates ranging from $23.48 billion to $27.97 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Baker Hughes, a GE company Class A.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last issued its earnings results on Friday, July 28th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.27. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the business earned ($0.90) earnings per share. The business’s quarterly revenue was down .2% on a year-over-year basis.

Several research analysts recently commented on BHGE shares. Seaport Global Securities reiterated a “neutral” rating on shares of Baker Hughes, a GE company Class A in a research note on Thursday, July 20th. BMO Capital Markets reiterated a “hold” rating and issued a $43.00 price target (down previously from $65.00) on shares of Baker Hughes, a GE company Class A in a research note on Thursday, July 13th. FBR & Co started coverage on Baker Hughes, a GE company Class A in a research note on Monday, July 17th. They issued a “market perform” rating and a $42.00 price target on the stock. HSBC Holdings plc started coverage on Baker Hughes, a GE company Class A in a research note on Thursday, July 13th. They issued a “buy” rating and a $48.00 price target on the stock. Finally, Cowen and Company reiterated a “buy” rating and issued a $55.00 price target on shares of Baker Hughes, a GE company Class A in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Baker Hughes, a GE company Class A has an average rating of “Hold” and a consensus price target of $46.71.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) opened at 35.70 on Wednesday. Baker Hughes, a GE company Class A has a 1-year low of $33.44 and a 1-year high of $68.59. The company’s 50-day moving average price is $44.52 and its 200-day moving average price is $55.57. The stock’s market cap is $15.28 billion.

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A hedge fund recently bought a new stake in Baker Hughes, a GE company Class A stock. New Mexico Educational Retirement Board acquired a new stake in shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 39,592 shares of the company’s stock, valued at approximately $1,461,000.

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Earnings History and Estimates for Baker Hughes, a GE company Class A (NASDAQ:BHGE)

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