Weatherford International PLC expected to post earnings of $1.44 a share - Earnings Preview

Weatherford International

22/04/2024 13:56

* Weatherford International PLC  WFRD.OQ   WFRD.O  is
expected
to show a rise in quarterly revenue when it reports  results on
April 24 for the period ending March 31 2024
    * The Houston Texas-based  company is expected to report a
11.7% increase in revenue to $1.325 billion from $1.19 billion a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Weatherford
International PLC
is for earnings of $1.44 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Weatherford
International PLC is $134.50​, above​ its last closing price
of $112.79. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.35        1.36       1.90      Beat    39.3
 Sep. 30 2023  1.20        1.22       1.66      Beat    36.2
 Jun. 30 2023  1.20        1.13       1.90      Beat    67.9​
 Mar. 31 2023  0.86        0.85       0.97      Beat    14.5
 ​​Dec.        0.67        0.72       0.99      Beat    37.5
 31 2022                                                
 Sep. 30 2022  0.33        0.41       0.39      Missed  -3.7​
 Jun. 30 2022  -0.15       -0.15      0.08      Beat    151.6
 Mar. 31 2022  -0.54       -0.54      -0.86     Missed  -57.8
 This summary was machine generated April 22 at 12:56 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)