Weatherford International Ltd. (WFT) is a leading oilfield services company. It manufactures and provides equipment and services for drilling, completion, and production of oil and natural gas wells. The company’s operations are divided into five separate segments – North America, Latin America, Europe/SSA/Russia, the Middle East/North Africa/Asia Pacific and Land Drilling Rigs.
Currently, Weatherford has a Zacks Rank #3 (Hold) but that could change following its third quarter 2017 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Weatherford loss per share from continuing operations (excluding special items) came in at 22 cents narrower than the Zacks Consensus Estimate of a loss of 24 cents.
Revenue: Revenues of $1,460 million came above the Zacks Consensus Estimate of $1,356 million.
Key Stats:
North American revenues for the third quarter were $538 million, up 19.8% from the year-ago comparable quarter.
Middle East/North Africa/Asia posted revenues of $335 million, up 1.8% from the year-earlier quarter.
Europe/West Africa/FSU posted revenues of $252 million, down from $225 million from the year-earlier quarter and the Zacks Consensus Estimate revenue from this segment of $255 million.
Latin American revenues of $229 million were down 10.2% year over year.
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(You can see the complete list of today’s Zacks #1 Rank stocks here)
Check back later for our full write up on this Weatherford earnings report later!
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Weatherford International Ltd. (WFT) is a leading oilfield services company. It manufactures and provides equipment and services for drilling, completion, and production of oil and natural gas wells. The company’s operations are divided into five separate segments – North America, Latin America, Europe/SSA/Russia, the Middle East/North Africa/Asia Pacific and Land Drilling Rigs.
Currently, Weatherford has a Zacks Rank #3 (Hold) but that could change following its third quarter 2017 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Weatherford loss per share from continuing operations (excluding special items) came in at 22 cents narrower than the Zacks Consensus Estimate of a loss of 24 cents.
Revenue: Revenues of $1,460 million came above the Zacks Consensus Estimate of $1,356 million.
Key Stats:
North American revenues for the third quarter were $538 million, up 19.8% from the year-ago comparable quarter.
Middle East/North Africa/Asia posted revenues of $335 million, up 1.8% from the year-earlier quarter.
Europe/West Africa/FSU posted revenues of $252 million, down from $225 million from the year-earlier quarter and the Zacks Consensus Estimate revenue from this segment of $255 million.
Latin American revenues of $229 million were down 10.2% year over year.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
(You can see the complete list of today’s Zacks #1 Rank stocks here)
Check back later for our full write up on this Weatherford earnings report later!
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>