Baker Hughes Likely To Report Lower Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Benzinga04-23

Baker Hughes Company (NASDAQ:BKR) will release earnings for its first quarter after the closing bell on Thursday, April 23.

Analysts expect the Houston, Texas-based company to report quarterly earnings of 49 cents per share, down from 51 cents per share in the year-ago period. The consensus estimate for Baker Hughes quarterly revenue is $6.33 billion (it reported $6.43 billion last year), according to Benzinga Pro.

On April 13, the company agreed to sell its Waygate Technologies business to Hexagon (OTC:HXGBY) in an all-cash transaction valued at approximately $1.45 billion.

Baker Hughes shares gained 3.8% to close at $62.54 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Piper Sandler analyst Derek Podhaizer maintained an Overweight rating and raised the price target from $61 to $64 on April 15, 2026. This analyst has an accuracy rate of 74%.
  • Citigroup analyst Scott Gruber maintained a Buy rating and raised the price target from $64 to $69 on April 7, 2026. This analyst has an accuracy rate of 66%.
  • Susquehanna analyst Charles Minervino maintained a Positive rating and boosted the price target from $65 to $70 on April 7, 2026. This analyst has an accuracy rate of 76%.
  • UBS analyst Josh Silverstein maintained a Neutral rating and raised the price target from $61 to $69 on April 2, 2026. This analyst has an accuracy rate of 66%.
  • Evercore ISI Group analyst James West maintained an Outperform rating and boosted the price target from $54 to $68 on Feb. 11, 2026. This analyst has an accuracy rate of 73%.

Considering buying BKR stock? Here’s what analysts think:

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