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Baker Hughes (BHGE) Beats Q1 Earnings, Revenues in Line

Zacks Equity Research

Earnings Beat: Headquartered in Houston, TX, Baker Hughes, a GE company BHGE reported first-quarter adjusted earnings of 15 cents per share. The bottom-line surpassed the Zacks Consensus Estimate by a penny.  

Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate of earnings for the quarter has been unchanged in the past seven days.

Baker Hughes managed to beat the Zacks Consensus Estimate in only one of the last four quarters, the average positive earnings surprise being 3.4%.

Baker Hughes, a GE company Price and EPS Surprise

Baker Hughes, a GE company Price and EPS Surprise | Baker Hughes, a GE company Quote

Revenues In Line: Revenues of $5,615 million came in line with the Zacks Consensus Estimate.

Key Stats: Adjusted operating income in the reported quarter came in at $273 million.

Total orders from all business segments through first-quarter 2019 were around $5.7 billion.

Free cash flow in the reported quarter was negative $419 million.       

Zacks Rank: Currently, Baker Hughes has a Zacks Rank #3 (Hold) but that could change following its first-quarter 2019 report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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