Baker Hughes (NASDAQ:BKR) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Baker Hughes (NASDAQ:BKR) announced its quarterly earnings data on Tuesday. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.10, Zacks reports. Baker Hughes had a return on equity of 13.85% and a net margin of 11.17%.

Baker Hughes Trading Up 5.3%

Baker Hughes stock traded up $2.99 during mid-day trading on Tuesday, reaching $59.00. 13,191,347 shares of the company traded hands, compared to its average volume of 8,638,012. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.09 and a quick ratio of 1.76. The firm’s 50 day moving average price is $58.97 and its 200 day moving average price is $59.88. The firm has a market capitalization of $58.57 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 2.66 and a beta of 1.04. Baker Hughes has a 52-week low of $44.26 and a 52-week high of $70.41.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $71.00 price objective on shares of Baker Hughes in a research note on Tuesday, September 29th. Wall Street Zen cut shares of Baker Hughes from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Baker Hughes in a research report on Friday, October 9th. Zacks Research raised shares of Baker Hughes from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 16th. Finally, Barclays lowered their price target on shares of Baker Hughes from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.10.

Baker Hughes News Roundup

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Revenue and adjusted earnings beat expectations. Baker Hughes reported third-quarter revenue of approximately $8.03 billion, above the $7.75 billion FactSet consensus, while adjusted earnings per share of $0.70 exceeded estimates of $0.60. The company has now surpassed earnings expectations for the 11th consecutive quarter. Earnings Flash
• Positive Sentiment: Orders and backlog point to future growth. Third-quarter orders totaled $10.8 billion, including $5.9 billion in Industrial & Energy Technology orders. Remaining performance obligations reached $46.4 billion, with a record $39.4 billion in IET RPO, supporting visibility into future revenue. Third-Quarter 2026 Results
• Positive Sentiment: AI infrastructure opportunity adds a new growth catalyst. A major U.S. technology company selected Baker Hughes’ power-generation and cooling systems for a high-density AI computing project requiring approximately 1.1 gigawatts of reliable power. The order includes turbines, generators, gearboxes and Chart dry-cooling equipment. AI Computing Solutions
• Positive Sentiment: Shareholder return was maintained. Baker Hughes declared a quarterly dividend of $0.23 per share, payable November 20 to shareholders of record November 10. Quarterly Dividend
• Neutral Sentiment: Unusually heavy call-option activity before the earnings release indicated increased speculative interest, but it does not by itself establish a lasting fundamental change in the stock’s outlook.
• Negative Sentiment: Reported profit declined year over year. Baker Hughes posted quarterly profit of $411 million, or $0.41 per share, compared with $609 million, or $0.61 per share, a year earlier. Investors may continue to monitor margins and the difference between reported and adjusted earnings. Reuters Earnings Report

About Baker Hughes

Baker Hughes Company (NASDAQ: BKR) is an energy technology company that provides products, services and digital solutions for the oil and gas industry and other energy-related markets. Its offerings support the exploration, drilling, completion, production and maintenance of energy assets across the lifecycle of a project.

The company’s oilfield services and equipment business provides technologies such as drilling systems, well completions, artificial lift, subsea equipment, production chemicals and well intervention services.