Houston, Texas-based Baker Hughes Company (BKR) provides oilfield products, services, and digital solutions. Valued at $60.3 billion by market cap, BKR is one of the world's largest oilfield service providers offering drilling, well intervention, decommissioning, surface pressure control, onshore composite pipe, reservoir technical, and integrated well services. The leading energy technology company is expected to announce its fiscal first-quarter earnings for 2026 after the market closes on Thursday, Apr. 23.
Ahead of the event, analysts expect BKR to report a profit of $0.53 per share on a diluted basis, up 3.9% from $0.51 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.
For the full year, analysts expect BKR to report EPS of $2.63, up 1.2% from $2.60 in fiscal 2025. Its EPS is expected to rise 14.5% year over year to $3.01 in fiscal 2027.
BKR stock has outperformed the S&P 500 Index’s ($SPX) 17% gains over the past 52 weeks, with shares up 41.7% during this period. Similarly, it outperformed the State Street Energy Select Sector SPDR ETF’s (XLE) 32.6% gains over the same time frame.
BKR's outperformance is driven by securing contracts for AI data center power generation, including a deal with Boom Supersonic for 25 electric generators and a collaboration with Hydrostor for energy storage. The company's strong forward guidance also boosted investor confidence.
Analysts’ consensus opinion on BKR stock is bullish, with a “Strong Buy” rating overall. Out of 20 analysts covering the stock, 15 advise a “Strong Buy” rating, one suggests a “Moderate Buy,” three give a “Hold,” and one advocates a “Strong Sell.” BKR’s average analyst price target is $62.45, indicating a potential upside of 2.3% from the current levels.
