Weatherford International (NYSE: WFT ) is expected to report Q2 earnings around July 30. 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 increase 2.3% and EPS will turn positive
The average estimate for revenue is $3.86 billion. On the bottom line, the average EPS estimate is $0.15.
Last quarter, Weatherford International logged revenue of $3.84 billion. GAAP reported sales were 6.9% higher than the prior-year quarter's $3.59 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 $0.15. GAAP EPS of $0.03 for Q1 were 81% lower than the prior-year quarter's $0.16 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 21.7%, 310 basis points worse than the prior-year quarter. Operating margin was 7.1%, 320 basis points worse than the prior-year quarter. Net margin was 0.6%, 280 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $16.16 billion. The average EPS estimate is $0.81.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 990 members out of 1,021 rating the stock outperform, and 31 members rating it underperform. Among 194 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 188 give Weatherford International a green thumbs-up, and six 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 $14.30.
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