Earnings Preview: BJ Services Company
BJ Services Company (BJS) is expected to report Q3 earnings Tuesday, July 22, before market open with a conference call scheduled for 11:00 a.m. ET.
Guidance
Analysts are looking for a profit of 40c on revenue of $1.24B. The consensus is 37c to 42c for EPS, and revenue of $1.16B to $1.31B, according to First Call. When BJ Services reported its Q2 results, which disappointed the Street, it forecast poor Q3 EPS of 39c to 43c vs. a consensus at the time of 50c.
Analyst Views
According to Zacks Analysts, BJ Services "remains well-positioned to continue benefiting from the still favorable macro environment", as the company's operations are driven by the number of gas and oil wells being drilled, the conditions of the wells, and the number of well completions.
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This article has 1 comment:
r
If you go back a few years at the start of the run up in oil prices and the service companies focus on growth, Baker has said they needed to recruit 1000's of staff. Is this 3000 now in addition to what they needed a few years ago or is this a new number. If a new number what has they been doing these past few years? Have they not been recruiting/hiring/trai... when the rest of the industry has done so or what? Does anyone understand what is / has been going on with Baker?
While the results are good I would really like to understand what has gone on the past few years with them recruiting and training the people they need to really grow further! Does anyone know what the retention numbers are with Baker over these last few years? This may be a more important number to explain what they have or have not been doing in this area of the business.