Baker Hughes Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Baker Hughes, Inc. (NYSE:BHI) will unveil its latest earnings on Tuesday, January 24, 2012. Baker Hughes provides products and services for the drilling and evaluation of oil and gas wells as well as fluids and chemicals and reservoir technology.

Baker Hughes, Inc. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.33 per share, a rise of 58.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.37. Between one and three months ago, the average estimate moved down. It also has dropped from $1.34 during the last month. For the year, analysts are projecting net income of $4.31 per share, a rise of 88.2% from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 3 cents, coming in at profit of $1.18 per share versus a mean estimate of net income of $1.21 per share. In the second quarter, the company beat estimates by 2 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 23.8% in revenue from the year-earlier quarter to $5.47 billion.

Analyst Ratings: 20 out of 24 analysts surveyed (83.3%) have a buy rating on Baker Hughes.. This is below the mean analyst rating of 10 competitors, which average 85.4% buy ratings.

A Look Back: In the third quarter, profit rose more than twofold to $706 million ($1.61 a share) from $255 million (59 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 27% to $5.18 billion from $4.08 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 57%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 82.2% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose more than threefold in the second quarter and more than twofold in the first quarter.

Competitors to Watch: National-Oilwell Varco, Inc. (NYSE:NOV), Weatherford Intl. Ltd. (NYSE:WFT), Newpark Resources, Inc. (NYSE:NR), Halliburton Company (NYSE:HAL), Flotek Industries, Inc. (NYSE:FTK), Oil States Intl., Inc. (NYSE:OIS), Schlumberger Limited. (NYSE:SLB), Bolt Technology Corp. (NASDAQ:BOLT), Cameron Intl. Corp. (NYSE:CAM), and Lufkin Industries, Inc. (NASDAQ:LUFK).

Stock Price Performance: During November 17, 2011 to January 18, 2012, the stock price had fallen $7.10 (-12.8%) from $55.66 to $48.56. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine-straight days, rising 12.1% (+$8.07) over that span. It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight-straight days, falling 26.2% (-$20.37) over that span.

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

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