Baker Hughes Company [NYSE:BKR] will report earnings after markets close on Thursday, January 21st.
BKR Earnings Forecast For The Current Quarter
Baker Hughes Company [BKR] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $5.38B and an earnings per share of $0.16 for Dec 2020. Looking further ahead, the company is expected to report revenue of $4.85B at an EPS of $0.09 for Mar 2021. The estimates represent downside of -0.40% and 118.38% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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BKR Earnings Estimates For The Current Year
For the financial year, Baker Hughes Company [NYSE:BKR] is expected to bring in revenue of $20.53B. The returns are nearly $-3.31 billion lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.27, lower than that of FY19 by -$0.58. Estimates put this year’s earnings growth at -68.20%, 118.50% for the next, and at an annual 3.25% over the next 5-year period. As for sales, forecasts are for a decrease of -13.90% in the current fiscal year and a further -0.40% over the following year.
BKR Price Performance
On Wall Street, Baker Hughes Company [NYSE:BKR] finished Tuesday’s session down 0.00% at $22.87. The stock went up to $23.12 at the same session while its lowest single day price was $22.60. In the last five days, it saw a rise of about 0.97%, Baker Hughes Company shares gained by almost 9.69% since the beginning of the year. However, the share price has dropped to as low as -4.87% below its one year high. On 01/14/21, the company shares recorded $24.04, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $20.82. The company’s shares have declined by -3.13% in the past year. The 50-day SMA achieved is $20.56 while the 200-day SMA is $16.26. Volume gained to 12.06 million from 6.39 million in the previous session.
BKR Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 22.87 level, and in case of violation of this particular level, it will cause more drop to 22.61 level. On the upper level, 23.65 is still the key resistance. The stock may increase to the subsequent resistance at 23.38. The Relative Strength Index (RSI) pinned on the 14-day chart is 62.01, implying a neutral technical stance while the MACD stands at 0.97, meaning price will decrease in the next trading period. Percent R indicator moved to 34.11%, implying low price movement. Stochastic %K at 65.89% suggest holding the stock.
Is Baker Hughes Company [NYSE:BKR] a Good Buy Right Now?
It should be noted that BKR technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Baker Hughes Company’s Trend Spotter indicated that the signals were Weakening. The stock current average is 5.72 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 6.89 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 7.11 million shares.
What is the short interest in Baker Hughes Company?
Short interest in the Baker Hughes Company stock has plunged, decreasing by -10.06 million shares to total 45.36 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 35.3 million, data from Yahoo Finance shows. The increase of 22.18% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 8.55% of the overall float for the stock.
Baker Hughes Company’s Biggest Shareholders: Who Owns Baker Hughes Company [BKR]?
Filings by Dodge & Cox showed that the firm now holds a total of 82,156,031 shares or roughly 11.98% of the outstanding BKR shares. This means their shares have reduced by -8,168,005 from the 82,156,031 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Capital Research & Management Co updated stake is worth $1,559,368,915. Details in the latest 13F filings reveal that The Vanguard Group, Inc. disposed off their -4.57% stake valued at $1,450,155,051 while Capital Research & Management Co added theirs at $1,349,936,732. During the last quarter, The Vanguard Group, Inc. liquidated -3,330,701 of its shares in Baker Hughes Company while Capital Research & Management Co bought 1,830,250 shares. The SSgA Funds Management, Inc.’s holdings currently number 38,686,685 shares at $884764485.95. According to the firm’s last 13F report, BlackRock Fund Advisors shares in the company at filing stood at 35,641,574 shares, roughly $743,126,818.
What are analyst thoughts on Baker Hughes Company?
Looking forward to the Baker Hughes Company share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Baker Hughes Company stock at $25.00 within the next 12 months, which represents almost 8.52 per cent growth from its previous closing price of $22.87. The highest analysts’ target for Baker Hughes Company stock projections is $37.00 and the lowest one is $18.00. Still, 28 analysts sharing their consensus rating for BKR stock in 2021 agree that it is an Overweight.