Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Baker Hughes (BKR)
NASDAQEnergyOil & Gas Equipment & ServicesSnapshot 2026-11-05
$46.20-7.36%
Close 2026-11-05 · 1-day change
NASDAQEnergyOil & Gas Equipment & ServicesSnapshot 2026-11-05
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
3.01 → 2.91 EPS · FY ending Dec 31, 2027 · 10 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 6, 2026 to Nov 5, 2026: (new ÷ prior − 1). Contributor count changed from 9 to 10; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for BKR yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Realize synergies from Chart Industries acquisition | A supporting condition in Baker Hughes's published investment case. The stated target is synergies contribute positively to margins and revenue by end FY26. | Improving | EU scrutiny blocks acquisition or synergies fail to materialize by FY26 end | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Next earnings date unavailable
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a cyclical energy and industrial business with growth from IET orders and the completed Chart acquisition. The current long-term thesis is mixed: recent earnings beats and rising momentum help, while lower company quality and results below the industry cohort call for caution.
BKR is described as cheap versus peers, and the pricing signal is judged justified rather than driven by a severe combination of weak execution and a turbulent sector. The expectations gap is slightly negative, suggesting expectations are not especially demanding, but the valuation model has only medium confidence.
Near term, IET orders grew 42% year over year in 2026-Q3 while revenue rose 3%; consolidated revenue also included a contribution from Chart. Integration is progressing, but the stated annualized synergy goal remains an expectation, not proven delivery, and the latest supplied excerpt gives no IET margin figure. The near-term miss risk is assessed as low, though the industry has a high miss rate and peers have recently missed.
Over the next several quarters, the thesis depends on sustaining IET order growth and converting it into revenue and margins, while showing that Chart integration produces the expected benefits. Sector leaders’ earnings and guidance are important signals: continued strength would support the sector tailwind, while weaker results or a reversal of BKR’s recently raised guidance would weaken the case and could damage management credibility.
For a 1-to-3-year view, BKR combines attractive relative valuation and improving momentum with fragile earnings quality, mixed acquisition progress, and results that remain below its industry cohort. The thesis remains watchful and depends on execution and the energy-sector backdrop. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Increase full-year orders significantly |
| A primary condition in Baker Hughes's published investment case. The stated target is orders grow >=5% YoY. |
| Intact |
| full-year orders decline or fail to grow by 5% in FY26 |
Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Expand Industrial & Energy Technology (IET) margins to 20% | Profit margins aim to expand to 20%. | Intact | IET margin falls below 15% in FY26 | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 2 of 8 supplied quarters. Management reported: “In addition, we anticipate overall organic Adjusted EBITDA growth in the mid-single digits range, with IET expanding margins to our 20% target and OFSE remaining relatively flat."” “We remain confident in achieving our 20% EBITDA margin targets for OFSE this year and IET in 2026."” Delivery assessment Nov 5, 2026 |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$2.85 → $2.91 · observed estimates
$29.41B → $32.70B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $2.85 | $29,407,148,820 | 16 / 13 |
| 2026-07-25 | $2.85 | $29,407,148,820 | 16 / 13 |
| 2026-07-26 | $2.85 | $29,407,148,820 | 16 / 13 |
| 2026-07-27 | $2.85 | $29,407,148,820 | 16 / 13 |
| 2026-07-28 | $2.85 | $29,407,148,820 | 16 / 13 |
| 2026-07-29 | $2.99 | $30,457,490,150 | 17 / 14 |
| 2026-07-30 | $2.99 | $30,457,490,150 | 17 / 14 |
| 2026-07-31 | $2.94 | $30,514,788,591 | 11 / 11 |
| 2026-08-01 | $3.18 | $32,754,277,140 | 10 / 8 |
| 2026-08-02 | $2.95 | $30,407,802,877 | 7 / 7 |
| 2026-08-03 | $3.18 | $32,754,277,140 | 10 / 8 |
| 2026-08-04 | $3.18 | $32,754,277,140 | 10 / 8 |
| 2026-08-05 | $3.15 | $32,361,188,510 | 12 / 10 |
| 2026-08-06 | $3.15 | $32,361,188,510 | 12 / 10 |
| 2026-08-07 | $2.95 | $30,407,802,877 | 7 / 7 |
| 2026-08-08 | $3.17 | $32,719,596,360 | 12 / 10 |
| 2026-08-09 | $3.17 | $32,719,596,360 | 12 / 10 |
| 2026-08-10 | $3.17 | $32,719,596,360 | 12 / 10 |
| 2026-08-11 | $3.16 | $32,738,746,350 | 11 / 9 |
| 2026-08-12 | $3.16 | $32,738,746,350 | 11 / 9 |
| 2026-08-13 | $3.16 | $32,738,746,350 | 11 / 9 |
| 2026-08-14 | $2.95 | $30,407,802,877 | 7 / 7 |
| 2026-08-15 | $2.95 | $30,407,802,877 | 7 / 7 |
| 2026-08-16 | $2.95 | $30,407,802,877 | 7 / 7 |
| 2026-08-17 | $2.95 | $30,407,802,877 | 7 / 7 |
| 2026-08-18 | $2.95 | $30,407,802,877 | 7 / 7 |
| 2026-08-19 | $2.95 | $30,407,802,877 | 7 / 7 |
| 2026-08-20 | $2.96 | $30,683,091,918 | 7 / 8 |
| 2026-08-21 | $3.00 | $30,884,047,876 | 8 / 8 |
| 2026-08-22 | $3.00 | $30,884,047,876 | 8 / 8 |
| 2026-08-23 | $3.00 | $30,884,047,876 | 8 / 8 |
| 2026-08-24 | $3.00 | $30,884,047,876 | 8 / 8 |
| 2026-08-25 | $3.00 | $30,884,047,876 | 8 / 8 |
| 2026-08-26 | $3.01 | $31,101,842,876 | 8 / 8 |
| 2026-08-27 | $3.01 | $31,101,842,876 | 8 / 8 |
| 2026-08-28 | $3.01 | $31,101,842,876 | 8 / 8 |
| 2026-08-29 | $3.01 | $31,101,842,876 | 8 / 8 |
| 2026-08-30 | $3.01 | $31,101,842,876 | 8 / 8 |
| 2026-08-31 | $3.01 | $31,101,842,876 | 8 / 8 |
| 2026-09-01 | $3.01 | $31,101,842,876 | 8 / 8 |
| 2026-09-02 | $3.01 | $31,101,842,876 | 8 / 8 |
| 2026-09-03 | $3.01 | $31,101,842,876 | 8 / 8 |
| 2026-09-04 | $3.01 | $31,101,842,876 | 8 / 8 |
| 2026-09-05 | $3.01 | $31,101,842,876 | 8 / 8 |
| 2026-09-06 | $3.01 | $31,101,842,876 | 8 / 8 |
| 2026-09-07 | $3.01 | $31,101,842,876 | 8 / 8 |
| 2026-09-08 | $3.01 | $31,101,842,876 | 8 / 8 |
| 2026-09-09 | $3.01 | $31,101,842,876 | 8 / 8 |
| 2026-09-10 | $3.02 | $31,101,242,876 | 8 / 8 |
| 2026-09-11 | $3.00 | $31,176,656,347 | 8 / 8 |
| 2026-09-12 | $3.00 | $31,202,771,200 | 8 / 8 |
| 2026-09-13 | $3.00 | $31,202,771,200 | 8 / 8 |
| 2026-09-14 | $3.00 | $31,202,771,200 | 8 / 8 |
| 2026-09-15 | $3.02 | $31,318,591,823 | 9 / 9 |
| 2026-09-16 | $3.02 | $31,318,591,823 | 9 / 9 |
| 2026-09-17 | $3.02 | $31,318,591,823 | 7 / 8 |
| 2026-09-18 | $3.02 | $31,318,591,823 | 7 / 8 |
| 2026-09-19 | $3.02 | $31,318,591,823 | 7 / 8 |
| 2026-09-20 | $3.02 | $31,318,591,823 | 7 / 8 |
| 2026-09-21 | $3.02 | $31,318,591,823 | 7 / 8 |
| 2026-09-22 | $3.02 | $31,318,591,823 | 7 / 8 |
| 2026-09-23 | $3.02 | $31,318,591,823 | 7 / 8 |
| 2026-09-24 | $3.02 | $31,318,591,823 | 7 / 8 |
| 2026-09-25 | $3.02 | $31,318,591,823 | 7 / 8 |
| 2026-09-26 | $3.02 | $31,318,591,823 | 7 / 8 |
| 2026-09-27 | $3.02 | $31,318,591,823 | 7 / 8 |
| 2026-09-28 | $3.02 | $31,318,591,823 | 7 / 8 |
| 2026-09-29 | $3.02 | $31,314,647,378 | 7 / 8 |
| 2026-09-30 | $2.99 | $31,973,122,528 | 9 / 10 |
| 2026-10-01 | $3.00 | $31,882,408,894 | 9 / 10 |
| 2026-10-02 | $3.00 | $31,882,408,894 | 9 / 10 |
| 2026-10-03 | $3.02 | $32,115,879,482 | 9 / 10 |
| 2026-10-04 | $3.02 | $32,115,879,482 | 9 / 10 |
| 2026-10-05 | $3.02 | $32,115,879,482 | 9 / 10 |
| 2026-10-06 | $3.01 | $32,010,114,777 | 9 / 10 |
| 2026-10-07 | $3.01 | $32,010,114,777 | 9 / 10 |
| 2026-10-08 | $3.00 | $32,180,861,835 | 9 / 11 |
| 2026-10-09 | $3.00 | $32,181,063,130 | 9 / 11 |
| 2026-10-10 | $3.00 | $32,181,063,130 | 9 / 11 |
| 2026-10-11 | $3.00 | $32,181,063,130 | 9 / 11 |
| 2026-10-12 | $3.00 | $32,181,063,130 | 9 / 11 |
| 2026-10-13 | $3.00 | $32,181,063,130 | 9 / 11 |
| 2026-10-14 | $3.00 | $32,181,063,130 | 9 / 11 |
| 2026-10-15 | $2.99 | $32,173,317,244 | 9 / 11 |
| 2026-10-16 | $2.99 | $32,173,317,244 | 9 / 11 |
| 2026-10-17 | $2.99 | $32,173,317,244 | 9 / 11 |
| 2026-10-18 | $3.00 | $32,449,308,891 | 9 / 11 |
| 2026-10-19 | $3.00 | $32,449,308,891 | 10 / 11 |
| 2026-10-20 | $2.98 | $32,443,080,319 | 10 / 11 |
| 2026-10-21 | $2.96 | $32,428,348,504 | 9 / 11 |
| 2026-10-22 | $2.96 | $32,428,348,504 | 9 / 10 |
| 2026-10-23 | $2.96 | $32,428,348,504 | 9 / 10 |
| 2026-10-24 | $2.96 | $32,428,348,504 | 9 / 10 |
| 2026-10-25 | $2.96 | $32,428,348,504 | 9 / 10 |
| 2026-10-26 | $2.96 | $32,428,348,504 | 9 / 10 |
| 2026-10-27 | $2.96 | $32,428,348,504 | 9 / 10 |
| 2026-10-28 | $3.02 | $32,629,205,645 | 9 / 11 |
| 2026-10-29 | $2.94 | $32,653,429,787 | 9 / 11 |
| 2026-10-30 | $2.93 | $32,624,173,960 | 9 / 11 |
| 2026-10-31 | $2.93 | $32,716,730,069 | 10 / 11 |
| 2026-11-01 | $2.93 | $32,716,730,069 | 10 / 11 |
| 2026-11-02 | $2.93 | $32,716,730,069 | 10 / 11 |
| 2026-11-03 | $2.93 | $32,697,634,831 | 10 / 11 |
| 2026-11-04 | $2.91 | $32,697,634,831 | 10 / 11 |
| 2026-11-05 | $2.91 | $32,697,634,831 | 10 / 11 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 20 Buy / Strong Buy · 5 Hold · 0 Sell / Strong Sell
Recent actions · Oct 7–Nov 5 · 7 recorded
0 raises · 1 cuts · 0 unchanged · 0 without a comparable prior
Oct 7, 2026–Nov 5, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.