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

Weatherford International

23/07/2024 23:36

* Weatherford International PLC  WFRD.OQ  reported quarterly
adjusted earnings of $1.66​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of $1.90.  The mean expectation of nine analysts
for the quarter was for earnings of $1.74 per share. Wall Street
expected results to range from $1.63  to $2.01 per share.
    * Revenue rose 10.3% to $1.41 billion from a year ago;
analysts
expected $1.42 billion. 
    * Weatherford International PLC's reported EPS for the
quarter was
$1.66​.
    * The company reported quarterly net income of $125 million.
    * Weatherford International PLC shares had risen by 8.0%
this
quarter and gained 35.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil related
services and equipment peer group is also "buy"

Wall Street's median 12-month price target for Weatherford
International PLC is $155.00 
This summary was machine generated from LSEG data July 23 at
10:35 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       1.74           1.66           Missed
 Mar. 31 2024      1.44           1.50           Beat
 Dec. 31 2023      1.36           1.90           Beat
 Sep. 30 2023      1.22           1.66           Beat