Baker Hughes 2Q Earnings Pregame Scorecard

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Having exceeded expectations last quarter by 3 cents per share, Baker Hughes (NYSE:BHI) is scheduled to report again on Friday.

Expectations

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Analysts currently expect Baker Hughes to come in with earnings of 78 cents per share on revenues of $5.26 billion. Estimates range from 72 cents per share to 81 cents per share. Over the past three months, the average estimate has moved down from 82 cents.

Last Quarter's Results

In the first quarter, profit fell 0.5% to $379 million (86 cents a share) from $381 million (87 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 18.3% to $5.36 billion from $4.53 billion.

Stock Ratings

Analysts are bullish on the stock as 11 analysts rate it as a buy and there are no sell ratings.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $3.98 per share between June 25, 2012 and July 3, 2012. Looking at change over the last three months, April 18, 2012 and July 13, 2012, the stock price fell $2.01 (-4.9%), from $41.31 to $39.30.

Company Fundamental Trends The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 26.9% over the last four quarters. After negative results the last two quarters, the company has a chance to recover during the upcoming earnings period. Net income fell 6.3% during the fourth quarter of the last fiscal year and yet again in the first quarter.

Summary

Reporting Period: 2Q

Date of Release: Friday, July 20, 2012 before market open

EPS: 78 cents

Revenue Estimate: $5.26 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)