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

Weatherford International

24/04/2024 14:32

* Weatherford International PLC  WFRD.OQ  reported quarterly
adjusted earnings of $1.50​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of 97 cents.  The mean expectation of
eight analysts for the quarter was for earnings of $1.44 per
share. Wall Street expected results to range from $1.37 
to $1.63 per share.
    * Revenue rose 14.5% to $1.36 billion from a year ago;
analysts
expected $1.32 billion. 
    * Weatherford International PLC's reported EPS for the
quarter was
$1.50​.
    * The company reported quarterly net income of $112 million.
    * Weatherford International PLC shares had risen by 2.3%
this
quarter and gained 20.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 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 $134.50 
This summary was machine generated from LSEG data April 24 at
01:31 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
 Mar. 31 2024      1.44           1.50           Beat
 Dec. 31 2023      1.36           1.90           Beat
 Sep. 30 2023      1.22           1.66           Beat
 Jun. 30 2023      1.13           1.90           Beat