Inside Baker Hughes, Inc.’s Upcoming Second Quarter Earnings Release

S&P 500 (NYSE:SPY) component Baker Hughes, Inc. (NYSE:BHI) will unveil its latest earnings on Monday, July 25, 2011. Baker Hughes Inc. provides products and services for the drilling and evaluation of oil and gas wells as well as fluids and chemicals and reservoir technology. Oil ETFs: The Top 10 Exchange Traded Funds for Your Oil Investing List>>

Baker Hughes, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 91 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 86 cents. Between one and three months ago, the average estimate moved up, and has risen from 90 cents during the last month. For the year, analysts are projecting profit of $4.16 per share, a rise of 81.7% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of 87 cents per share versus a mean estimate of profit of 78 cents per share.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $4.53 billion in revenue this quarter, a rise of 34.4% from the year ago quarter. Analysts are forecasting total revenue of $19.05 billion for the year, a rise of 32.2% from last year’s revenue of $14.41 billion.

Analyst Ratings: Analysts are bullish on this stock with 22 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

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 71.9%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 82.7% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose more than twofold while it rose more than threefold in the fourth quarter of the last fiscal year and more than fourfold in the third quarter of the last fiscal year.

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 June 20, 2011 to July 19, 2011, the stock price had risen $9.37 (13.5%) from $69.29 to $78.66. 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% (+$8.11) over that span. It saw one of its worst periods between April 28, 2011 and May 6, 2011 when shares fell for seven-straight days, falling 11% (-$8.57) over that span. Shares are up $21.73 (+38.2%) year to date.

(Source: Xignite Financials)

Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!

More from The Cheat Sheet