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Weatherford (WFT) Q2 Loss Narrower than Expected

Zacks Equity Research
Updated

Loss Narrower than Expected: Weatherford International Ltd. (WFT) reported second quarter loss per share of 16 cents, narrower than the Zacks Consensus Estimate of a loss of 18 cents and year ago quarter loss of 28 cents.

Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate has no upward and downward revisions in the last seven days.
 

Weatherford International PLC Price and EPS Surprise

Weatherford International PLC Price and EPS Surprise | Weatherford International PLC Quote

Weatherford’s earnings surprise history is not impressive. Before posting the earnings in Q2, the company delivered positive surprises in three of the prior four quarters. Overall, the company has a negative earnings surprise of 8.79% in the trailing four quarters.

Revenues: Weatherford posted revenues of $1,448 million, lagging the Zacks Consensus Estimate of $1,472 million. The reported figure however, increased from $1,363.0 million in the year-ago period.

Key Stats:

Western Hemisphere revenues for the second quarter were $769 million, up 1.7% sequentially, and 13.4%, year-over-year.

Eastern Hemisphere posted revenues of $679 million, up 1.8% sequentially but down 0.9% year-over-year.

Zacks Rank: Currently, Weatherford carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.

(You can see the complete list of today’s Zacks #1 Rank stocks here)

Check back later for our full write up on this Valero earnings report later!

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Weatherford International PLC (WFT) : Free Stock Analysis Report
 
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