A combination of good margin growth and well-balanced order growth led investors to buy this energy services stock last month. Shares in oil and gas equipment and services company Baker Hughes (BKR -5.07%) rose by 10.1% in July, according to data provided by S&P Global Market Intelligence. The move comes after an impressive set of earnings that displayed a combination of good progress on operational improvements and margin expansion, alongside broad-based order strength in industrial and energy technology ( ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by th ...

Baker Hughes (BKR) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. The upward trend in estimate revisions for this oilfield services company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation ...

The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Baker Hughes (BKR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question. Baker Hughes is one of 247 companies in the Oils-Energy group. The Oil ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyon ...

Have you been paying attention to shares of Baker Hughes (BKR) ? Shares have been on the move with the stock up 10.2% over the past month. The stock hit a new 52-week high of $38.67 in the previous session. Baker Hughes has gained 11.9% since the start of the year compared to the 5.7% move for the Zacks Oils-Energy sector and the 3.3% return for the Zacks Oil and Gas - Field Services industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't ...

Investment Rating - The investment rating for Baker Hughes is "Outperform" based on the expected performance relative to the market benchmark [3][23]. Core Insights - Baker Hughes reported an adjusted net EBITDA of $1.13 billion for Q2 2024, exceeding market expectations and guidance [1][33]. - The company raised its revenue guidance for FY 2024 to a midpoint increase of 5%, with previous revenue guidance set at $26.5-28.5 billion [1][33]. - The overall revenue for Q2 2024 was $7.14 billion, reflecting a 13% year-over-year increase, driven by strong performance across all segments, particularly in the Industrial and Energy Technology sector, which grew by 59% [1][33][34]. Summary by Sections Financial Performance - For Q2 2024, total revenue was $7.14 billion, up 13% year-over-year, with adjusted EBITDA at $1.13 billion, a 25% increase from the previous year [21][33]. - The EBITDA margin for Q2 2024 was reported at 15.8%, aligning with market expectations [1][33]. Segment Performance - The Oilfield Services and Equipment segment generated revenue of $4.01 billion, a 3% increase year-over-year, with an EBITDA margin of 17.9% [19][21]. - The Industrial and Energy Technology segment reported revenue of $3.13 billion, a 28% increase year-over-year, with an EBITDA margin of 15.9% [34]. Guidance and Expectations - The company has not provided specific tax rate guidance for FY 2024, which is expected to be in the range of 27-32% [1]. - The overall positive performance and raised guidance suggest a favorable outlook for Baker Hughes in the upcoming quarters [1][33].

(Photo: Ken Cedeno) A leading energy industry report has revealed a steadily climbing number of oil and gas rigs in the U.S., offering a harbinger of improved near-term oil and gas production stateside. A breakdown of published data indicated that oil rigs rose by five to 482 last week, while the number of gas rigs fell by two to 101, pointing to a net rise of three rigs. It also marked the second consecutive weekly rise taking the country's monthly rise to its highest level since November 2022. However, aw ...

(Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Registrant's telephone number, including area code: (713) 439-8600 Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer" "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act ...

Baker Hughes Company (NASDAQ:BKR) Q2 2024 Results Conference Call July 26, 2024 9:30 AM ET Company Participants Chase Mulvehill - VP, IR Lorenzo Simonelli - Chairman and CEO Nancy Buese - CFO Conference Call Participants Luke Lemoine - Piper Sandler David Anderson - Barclays James West - Evercore Arun Jayaram - JPMorgan Securities Stephen Gengaro - Stifel Operator Good day, ladies and gentlemen, and welcome to the Baker Hughes Company Second Quarter 2024 Earnings Call. At this time all participants are in a ...