Weatherford International PLC reports results for the quarter ended in September 30 - Earnings Summary

Weatherford International

23/10/2024 05:13

* Weatherford International PLC  WFRD.OQ  reported quarterly
adjusted earnings of $2.06​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of $1.66.  The mean expectation of
eight analysts for the quarter was for earnings of $1.71 per
share. Wall Street expected results to range from $1.56 
to $2.03 per share.
    * Revenue rose 7.3% to $1.41 billion from a year ago;
analysts
expected $1.42 billion. 
    * Weatherford International PLC's reported EPS for the
quarter was
$2.06​.
    * The company reported quarterly net income of $157 million.
    * Weatherford International PLC shares had fallen by 0.2%
this
quarter and lost 13.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6% in
the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

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 144.50 
This summary was machine generated from LSEG data October 23 at
04:12 a.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
 Sep. 30 2024      1.71           2.06           Beat
 Jun. 30 2024      1.74           1.66           Missed
 Mar. 31 2024      1.44           1.50           Beat
 Dec. 31 2023      1.36           1.90           Beat