Weatherford International (NYSE: WFT ) is expected to report Q1 earnings around May 2. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Weatherford International's revenues will expand 8.6% and EPS will shrink -40.0%.
The average estimate for revenue is $3.91 billion. On the bottom line, the average EPS estimate is $0.15.
Last quarter, Weatherford International recorded revenue of $4.06 billion. GAAP reported sales were 9.4% higher than the prior-year quarter's $3.71 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.01. GAAP EPS were -$0.16 for Q4 compared to -$0.02 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 20.7%, 390 basis points worse than the prior-year quarter. Operating margin was 6.0%, 470 basis points worse than the prior-year quarter. Net margin was -3.0%, 260 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $16.40 billion. The average EPS estimate is $0.88.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 998 members out of 1,028 rating the stock outperform, and 30 members rating it underperform. Among 195 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 187 give Weatherford International a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Weatherford International is outperform, with an average price target of $13.38.
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