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.
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.
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