Oil Services Earnings, Round Two (BHI, BJS, SII)

April 21, 2008 by Douglas A. McIntyre

We have already seen some of the larger oil services companies report earnings between Monday and Friday, so far with little cheers today.  On Tuesday, we’ll get to see earnings report from additional players like Baker Hughes Inc. (NYSE: BHI), BJ Services Company (NYSE: BJS), and Smith International Inc. (NYSE: SII).  As of the last available data, these earnings all look set for Tuesday, April 22, in the pre-market hours.

Tuesday morning we’ll get to see earnings out of Baker Hughes Inc. (NYSE: BHI). The estimates for the oil services company from First Call are $1.20 EPS on $2.69 billion in revenues.  Next quarter estimates are $1.25 EPS on $2.78 billion in revenues. Estimates for fiscal Dec-2008 are $5.27 EPS on $11.42 billion in revenues.  Analysts have an average price target of $88.00, and Baker Hughes’ 52-week trading range is $62.65 to $100.29.

Tuesday morning we’ll get to see earnings out of BJ Services Company (NYSE: BJS). The estimates for the oil services company from First Call are $0.55 EPS on $1.30 billion in revenues.  Next quarter estimates are $0.50 EPS on $1.26 billion in revenues. Estimates for fiscal Sept-2008 are $2.23 EPS on $5.18 billion in revenues.  Analysts have an average price target of $30.00, and BJ Services Company’s 52-week trading range is $19.30 to $33.29.

Tuesday morning we’ll get to see earnings out of Smith International Inc. (NYSE: SII). The estimates for the oil services company from First Call are $0.87 EPS on $2.37 billion in revenues.  Next quarter estimates are $0.89 EPS on $2.38 billion in revenues. Estimates for fiscal Dec-2008 are $3.76 EPS on $9.88 billion in revenues.  Analysts have an average price target of $73.00, and Smith International’s 52-week trading range is $49.51 to $77.60.

Jon C. Ogg
April 21, 2008