Can Baker Hughes Keep Its Winning Streak Alive in Q2 Earnings?

Estimate Trend for BKR

The Zacks Consensus Estimate for second-quarter earnings per share of 51 cents has been revised upward over the past seven days. The estimated figure indicates a 19.1% decline from the prior-year reported number.

The Zacks Consensus Estimate for revenues of $6.49 billion implies a 6.1% decrease from the year-ago recorded figure.

Factors to Consider for BKR

To have an idea of how oil prices behaved in the June quarter, let's analyze the commodity prices from the data provided by the U.S. Energy Information Administration (“EIA”). The average Cushing, OK, WTI spot prices for April, May and June of this year were $100.32 per barrel, $102.13 per barrel and $84.81 per barrel, respectively, per EIA data. Commodity prices were $63.54 per barrel, $62.17 per barrel and $68.17 per barrel, respectively, in April, May and June of 2025, according to the EIA.

A constructive oil-price backdrop, driven by the Iran war, aided the exploration and production businesses in the June quarter of this year. This, in turn, is expected to have backed demand for Baker Hughes’ oilfield services.

Earnings Whispers

Our proven model indicates an earnings beat for BKR this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is the case here, as you will see below.

Earnings ESP: BKR has an Earnings ESP of +1.84%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

Zacks Rank: BKR currently carries a Zacks Rank #3.

Other Stocks to Consider

Here are some other stocks that you may want to consider, as these too have the right combination of elements to post an earnings beat this reporting cycle.

NOV Inc. NOV currently has an Earnings ESP of +19.69% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

NOV is scheduled to release second-quarter earnings on July 28. The Zacks Consensus Estimate for NOV’s earnings is pegged at 16 cents per share, implying a 44.8% decrease from the prior-year reported figure.

Enbridge Inc. ENB currently has an Earnings ESP of +2.27% and a Zacks Rank #3.

Enbridge is scheduled to release second-quarter earnings on July 31. The Zacks Consensus Estimate for ENB’s earnings is pegged at 44 cents per share, indicating a 6.4% decline from the prior-year reported figure.

Cactus, Inc. WHD currently has an Earnings ESP of +7.04% and a Zacks Rank #2.

WHD is scheduled to release second-quarter earnings on July 29. The Zacks Consensus Estimate for Cactus’ earnings is pegged at 71 cents per share, implying a 7.58% increase from the prior-year reported figure.

Beyond Nvidia: AI's Second Wave Is Here

The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research