The analysts predicts lower profit for Baker Hughes Incorporated (NYSE:BHI) at what time the firm declares its Q1 results on Friday, April 19, 2013. Though, Baker declared profit of 86 cents a year before, the consensus estimation calls for earnings per share of 63 cents.
The consensus predicts has plunged from 64 cents over the previous quarter. Analysts are predicting earnings of $3.06 a share for the fiscal year. Following being $5.36B a year before, analysts estimates revenue to decrease 3.3 percent year-over-year to $5.18B for the quarter. The revenue is predicted to roll in at $21.47B.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Halliburton Company(NYSE:HAL) lost -3.45%, Weatherford International Ltd(NYSE:WFT) at -1.68%, Schlumberger Limited.(NYSE:SLB) which also decreased -3.08% and National-Oilwell Varco, Inc.(NYSE:NOV) closed at -2.56%.
Baker Hughes Incorporated (NYSE:BHI) stock’s trade at beginning with a price of $44.30 and in ongoing trading session climbed at a high of $44.35 other than after it traded decreased -2.33% to $43.94.
The stock is going forward its 52 week low with 37.08% and lagging behind from its 52 week high price with 50.97%. BHI last month stock price volatility remained 2.68%.
BHI stock institutional ownership remained 90.70% while insider ownership included 0.25%. In its share capital BHI has 441.83 million outstanding shares among them 440.56 million shares have been floated in market exchange.
Company’s beta coefficient included 1.52. Beta factors measures the amount of market risk associated with market trade.
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