Baker Hughes Misses Estimates For Q4

Baker-Hughes (NYSE:BHI) reported Q4 EPS of $1.22, missing analyst estimates of $1.32 per share. Revenues for the quarter were $5.39 billion, missing consensus estimates of $5.47 billion.

President and CEO Martin Craighead said, "Our business continues to improve and we benefited from increased activity, a favorable product mix as well as typical seasonal product sales. One sore spot in the quarter was the company's division that supplies pressure pumping services. Baker Hughes said the division had issues with "the availability, cost and transportation of materials, such as sand and gel."

Baker Hughes (NYSE:BHI) has potential upside of 62.5% based on a current price of $47.73 and an average consensus analyst price target of $77.56.