Baker Hughes Earnings Estimate
| BKR Stock | USD 43.61 0.08 0.18% |
Baker Hughes Revenue Breakdown by Earning Segment
By analyzing Baker Hughes' earnings estimates, investors can diagnose different trends across Baker Hughes' analyst sentiment over time as well as compare current estimates against different timeframes. At this time, Baker Hughes' Pretax Profit Margin is relatively stable compared to the past year. As of 11/29/2024, Operating Profit Margin is likely to grow to 0.1, while Gross Profit is likely to drop slightly above 4.5 B.
Baker |
Baker Hughes Earnings per Share Projection vs Actual
About Baker Hughes Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Baker Hughes earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Baker Hughes estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Baker Hughes fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.| Last Reported | Projected for Next Year | ||
| Retained Earnings | -8.8 B | -8.4 B | |
| Retained Earnings Total Equity | -9.7 B | -10.2 B | |
| Earnings Yield | 0.06 | 0.06 | |
| Price Earnings Ratio | 17.73 | 18.62 | |
| Price Earnings To Growth Ratio | (0.04) | (0.04) |
Pair Trading with Baker Hughes
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Baker Hughes position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Baker Hughes will appreciate offsetting losses from the drop in the long position's value.Moving together with Baker Stock
Moving against Baker Stock
| 0.79 | TDW | Tidewater | PairCorr |
| 0.73 | XPRO | Expro Group Holdings | PairCorr |
| 0.55 | DTI | Drilling Tools Inter | PairCorr |
| 0.39 | WFRD | Weatherford International | PairCorr |
| 0.32 | ENSV | Enservco | PairCorr |
The ability to find closely correlated positions to Baker Hughes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baker Hughes when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Baker Hughes - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Baker Hughes Co to buy it.
The correlation of Baker Hughes is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Baker Hughes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baker Hughes moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Baker Hughes can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Baker Stock Analysis
When running Baker Hughes' price analysis, check to measure Baker Hughes' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Baker Hughes is operating at the current time. Most of Baker Hughes' value examination focuses on studying past and present price action to predict the probability of Baker Hughes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Baker Hughes' price. Additionally, you may evaluate how the addition of Baker Hughes to your portfolios can decrease your overall portfolio volatility.