Overview

* Baker Hughes ( BKR ) Q3 revenue rises 1% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, reflecting operational discipline

Outlook

* Baker Hughes ( BKR ) expects full-year orders to exceed previous forecasts

* Baker Hughes ( BKR ) highlights resilience and growth visibility in IET segment

Result Drivers

* IET PERFORMANCE - Strong IET segment performance driven by growth in Gas Technology Equipment and LNG market tailwinds

* OFSE ORDER GROWTH - Significant growth in OFSE orders, particularly in subsea and surface pressure systems

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $7.01 $6.82

Revenue bln bln (18

Analysts

)

Q3 Beat $0.68 $0.61

Adjusted (19

EPS Analysts

)

Q3 EPS $0.61

Q3 Free $699 mln

Cash

Flow

Q3 $8.20

Orders bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the oil related services and equipment peer group is "buy"

* Wall Street's median 12-month price target for Baker Hughes Co ( BKR ) is $53.00, about 11.8% above its October 21 closing price of $46.75

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)