Weatherford International PLC reports results for the quarter ended in June - Earnings Summary

Weatherford International

25/07/2023 23:12

* Weatherford International PLC  WFRD.OQ  reported quarterly
adjusted earnings of $1.90​​ per share for the quarter ended in
June. The mean expectation of six analysts for the quarter was
for earnings of $1.13 per share.
    * Revenue rose 19.7% to $1.27 billion from a year ago;
analysts
expected $1.23 billion. 
    * Weatherford International PLC's reported EPS for the
quarter was
$1.12​.
    * The mean earnings estimate of analysts had risen by
about 20.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Weatherford International PLC shares had risen by 15.8%
this
quarter and gained 51.1% so far this year.
    * The company reported quarterly net income of $82 million.
    * Wall Street's median 12-month price target for Weatherford
International PLC is $88.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
25 at 10:11 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.13           1.90           Beat
 Mar. 31 2023      0.85           0.97           Beat
 Dec. 31 2022      0.72           0.99           Beat
 Sep. 30 2022      0.41           0.39           Missed