Weatherford International's Earnings: A Preview

Weatherford International (NASDAQ:WFRD) is preparing to release its quarterly earnings on Tuesday, 2024-10-22. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Weatherford International to report an earnings per share (EPS) of $1.77.

The market awaits Weatherford International's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Past Earnings Performance

The company's EPS missed by $0.08 in the last quarter, leading to a 9.15% drop in the share price on the following day.

Here's a look at Weatherford International's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.74

1.44

1.4

1.22

EPS Actual

1.66

1.50

1.9

1.66

Price Change %

-9.0%

6.0%

7.000000000000001%

1.0%

Tracking Weatherford International's Stock Performance

Shares of Weatherford International were trading at $85.22 as of October 18. Over the last 52-week period, shares are down 8.71%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Analyst Views on Weatherford International

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Weatherford International.

The consensus rating for Weatherford International is Buy, based ...