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

Weatherford International

25/10/2023 24:01

* Weatherford International PLC  WFRD.OQ  reported quarterly
adjusted earnings of $1.66​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of $1.22 per share.
    * Revenue rose 17.2% to $1.31 billion from a year ago;
analysts
expected $1.29 billion. 
    * Weatherford International PLC's reported EPS for the
quarter was
$1.66​.
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Weatherford International PLC shares had risen by 2.8%
this
quarter and gained 82.3% so far this year.
    * The company reported quarterly net income of $123 million.
    * Wall Street's median 12-month price target for Weatherford
International PLC is $113.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 24 at 11:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.22           1.66           Beat
 Jun. 30 2023      1.13           1.90           Beat
 Mar. 31 2023      0.85           0.97           Beat
 Dec. 31 2022      0.72           0.99           Beat