Weatherford International plc Expected to Earn Q1 2024 Earnings of $1.41 Per Share (NASDAQ:WFRD)

Weatherford International plc (NASDAQ:WFRDFree Report) – Investment analysts at Capital One Financial raised their Q1 2024 EPS estimates for Weatherford International in a report released on Thursday, February 8th. Capital One Financial analyst D. Becker now expects that the company will earn $1.41 per share for the quarter, up from their prior estimate of $1.38. The consensus estimate for Weatherford International’s current full-year earnings is $6.61 per share. Capital One Financial also issued estimates for Weatherford International’s Q3 2025 earnings at $2.12 EPS and Q4 2025 earnings at $2.29 EPS.

Weatherford International (NASDAQ:WFRDGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.42 by $0.48. Weatherford International had a net margin of 8.12% and a return on equity of 56.68%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business earned $1.12 earnings per share. Weatherford International’s quarterly revenue was up 12.7% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the stock. TheStreet downgraded shares of Weatherford International from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. The Goldman Sachs Group increased their target price on shares of Weatherford International from $101.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Piper Sandler increased their target price on shares of Weatherford International from $116.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Bank of America started coverage on shares of Weatherford International in a research note on Friday, November 10th. They issued a “buy” rating and a $120.00 price target on the stock. Finally, Raymond James lifted their price objective on shares of Weatherford International from $110.00 to $127.00 and gave the company a “strong-buy” rating in a report on Thursday, October 26th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Weatherford International presently has a consensus rating of “Buy” and an average target price of $111.50.

View Our Latest Analysis on WFRD

Weatherford International Price Performance

WFRD stock opened at $97.62 on Monday. Weatherford International has a 52 week low of $51.46 and a 52 week high of $102.64. The firm has a market capitalization of $7.06 billion, a P/E ratio of 17.28 and a beta of 0.70. The company has a quick ratio of 1.37, a current ratio of 1.79 and a debt-to-equity ratio of 1.86. The company has a fifty day simple moving average of $93.15 and a two-hundred day simple moving average of $91.75.

Institutional Trading of Weatherford International

Large investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust lifted its stake in shares of Weatherford International by 23.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 560 shares of the company’s stock valued at $51,000 after purchasing an additional 107 shares during the period. Xponance Inc. lifted its stake in shares of Weatherford International by 1.1% in the 4th quarter. Xponance Inc. now owns 10,532 shares of the company’s stock valued at $1,030,000 after purchasing an additional 116 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Weatherford International by 3.2% in the 4th quarter. Mackenzie Financial Corp now owns 4,497 shares of the company’s stock valued at $440,000 after purchasing an additional 140 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Weatherford International by 0.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,612 shares of the company’s stock valued at $1,900,000 after purchasing an additional 178 shares during the period. Finally, American International Group Inc. lifted its stake in shares of Weatherford International by 0.5% in the 2nd quarter. American International Group Inc. now owns 34,297 shares of the company’s stock valued at $2,278,000 after purchasing an additional 179 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Activity

In other news, EVP Scott C. Weatherholt sold 40,455 shares of Weatherford International stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $98.91, for a total value of $4,001,404.05. Following the transaction, the executive vice president now owns 125,019 shares of the company’s stock, valued at approximately $12,365,629.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Scott C. Weatherholt sold 40,455 shares of Weatherford International stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $98.91, for a total value of $4,001,404.05. Following the transaction, the executive vice president now owns 125,019 shares of the company’s stock, valued at approximately $12,365,629.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph H. Mongrain sold 17,071 shares of Weatherford International stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $89.91, for a total transaction of $1,534,853.61. Following the completion of the transaction, the executive vice president now directly owns 30,483 shares in the company, valued at approximately $2,740,726.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,526 shares of company stock worth $8,949,418. 2.20% of the stock is currently owned by corporate insiders.

Weatherford International Company Profile

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Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.

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Earnings History and Estimates for Weatherford International (NASDAQ:WFRD)

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