Loss Narrower than Expected: Weatherford International Ltd. reported first quarter loss per share of 19 cents, narrower than the Zacks Consensus Estimate of a loss of 22 cents and year ago quarter loss of 32 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’s earnings surprise history is not impressive. Before posting the earnings beat in Q1, the company delivered positive surprises in two of the prior four quarters. Overall, the company has a negative earnings surprise of 13% in the trailing four quarters.
Revenues: Weatherford posted revenues of $1,423 million, lagging the Zacks Consensus Estimate of $1,467 million. The reported figure however, increased from $1,386.0 million in the year-ago period.
Key Stats:
Western Hemisphere revenues for the first quarter were $756 million, down 0.4% sequentially, but up 3.1%, year-over-year.
Eastern Hemisphere posted revenues of $667 million, down 8.6% sequentially but up 2.1% 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 (WFT) Q1 Loss Narrower than Expected
Loss Narrower than Expected: Weatherford International Ltd. reported first quarter loss per share of 19 cents, narrower than the Zacks Consensus Estimate of a loss of 22 cents and year ago quarter loss of 32 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’s earnings surprise history is not impressive. Before posting the earnings beat in Q1, the company delivered positive surprises in two of the prior four quarters. Overall, the company has a negative earnings surprise of 13% in the trailing four quarters.
Weatherford International PLC Price and EPS Surprise
Weatherford International PLC Price and EPS Surprise | Weatherford International PLC Quote
Revenues: Weatherford posted revenues of $1,423 million, lagging the Zacks Consensus Estimate of $1,467 million. The reported figure however, increased from $1,386.0 million in the year-ago period.
Key Stats:
Western Hemisphere revenues for the first quarter were $756 million, down 0.4% sequentially, but up 3.1%, year-over-year.
Eastern Hemisphere posted revenues of $667 million, down 8.6% sequentially but up 2.1% 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!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>