Zacks: Analysts Anticipate Weatherford International plc (WFT) to Post -$0.18 Earnings Per Share

Share on StockTwits

Brokerages expect Weatherford International plc (NYSE:WFT) to announce earnings of ($0.18) per share for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Weatherford International’s earnings. The highest EPS estimate is ($0.15) and the lowest is ($0.20). Weatherford International reported earnings of ($0.28) per share in the same quarter last year, which would suggest a positive year over year growth rate of 35.7%. The firm is expected to announce its next quarterly earnings report before the market opens on Friday, July 27th.

According to Zacks, analysts expect that Weatherford International will report full-year earnings of ($0.56) per share for the current fiscal year, with EPS estimates ranging from ($0.70) to ($0.45). For the next fiscal year, analysts forecast that the company will report earnings of ($0.12) per share, with EPS estimates ranging from ($0.51) to $0.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Weatherford International.

Weatherford International (NYSE:WFT) last released its quarterly earnings data on Tuesday, April 24th. The oil and gas company reported ($0.19) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.04. Weatherford International had a negative net margin of 45.50% and a negative return on equity of 283.53%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the firm earned ($0.32) earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis.

WFT has been the subject of several recent analyst reports. Cowen set a $5.00 target price on shares of Weatherford International and gave the company a “buy” rating in a research note on Friday, April 13th. Jefferies Financial Group downgraded shares of Weatherford International from a “buy” rating to a “neutral” rating and lowered their target price for the company from $6.86 to $2.08 in a research note on Tuesday, April 3rd. Credit Suisse Group set a $4.00 target price on shares of Weatherford International and gave the company a “buy” rating in a research note on Thursday, May 24th. Susquehanna Bancshares set a $4.00 target price on shares of Weatherford International and gave the company a “buy” rating in a research note on Monday, April 9th. Finally, ValuEngine upgraded shares of Weatherford International from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 17th. Three analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. Weatherford International currently has an average rating of “Buy” and a consensus price target of $4.71.

Large investors have recently bought and sold shares of the company. Larson Financial Group LLC acquired a new stake in shares of Weatherford International during the fourth quarter worth $104,000. Investors Research Corp acquired a new stake in shares of Weatherford International during the fourth quarter worth $105,000. Quantbot Technologies LP acquired a new stake in shares of Weatherford International during the first quarter worth $159,000. Crawford Investment Counsel Inc. lifted its stake in shares of Weatherford International by 109.9% during the first quarter. Crawford Investment Counsel Inc. now owns 77,247 shares of the oil and gas company’s stock worth $177,000 after buying an additional 40,450 shares during the period. Finally, Icon Wealth Partners LLC lifted its stake in shares of Weatherford International by 25.3% during the first quarter. Icon Wealth Partners LLC now owns 79,927 shares of the oil and gas company’s stock worth $183,000 after buying an additional 16,156 shares during the period.

WFT traded up $0.04 during trading on Wednesday, hitting $3.20. The stock had a trading volume of 6,529,787 shares, compared to its average volume of 17,133,384. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -2.76 and a beta of 2.36. Weatherford International has a twelve month low of $2.07 and a twelve month high of $4.72. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of -8.51.

Weatherford International Company Profile

Weatherford International plc operates as a multinational oilfield service company worldwide. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. The company operates in two segments, Western Hemisphere and Eastern Hemisphere.

Get a free copy of the Zacks research report on Weatherford International (WFT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Weatherford International (NYSE:WFT)

Receive News & Ratings for Weatherford International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply