Zacks: Analysts Expect Weatherford International PLC (WFT) Will Post Quarterly Sales of $1.49 Billion

Wall Street brokerages predict that Weatherford International PLC (NYSE:WFT) will announce sales of $1.49 billion for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Weatherford International PLC’s earnings. The lowest sales estimate is $1.46 billion and the highest is $1.52 billion. Weatherford International PLC reported sales of $1.36 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.6%. The company is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, October 31st.

According to Zacks, analysts expect that Weatherford International PLC will report full-year sales of $1.49 billion for the current fiscal year, with estimates ranging from $5.73 billion to $5.84 billion. For the next financial year, analysts expect that the company will post sales of $6.37 billion per share, with estimates ranging from $5.79 billion to $7.30 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Weatherford International PLC.

Weatherford International PLC (NYSE:WFT) last announced its earnings results on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.28). Weatherford International PLC had a negative net margin of 53.49% and a negative return on equity of 65.33%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm posted ($0.28) earnings per share. Weatherford International PLC’s revenue was down 2.8% compared to the same quarter last year.

A number of equities research analysts recently weighed in on WFT shares. ValuEngine cut Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Piper Jaffray Companies set a $6.00 price target on Weatherford International PLC and gave the company a “buy” rating in a research note on Saturday, July 29th. Cowen and Company set a $8.00 price target on Weatherford International PLC and gave the company a “buy” rating in a research note on Friday. Scotiabank set a $6.00 price target on Weatherford International PLC and gave the company a “hold” rating in a research note on Friday, July 7th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Weatherford International PLC in a research note on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $6.22.

WARNING: “Zacks: Analysts Expect Weatherford International PLC (WFT) Will Post Quarterly Sales of $1.49 Billion” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/09/zacks-analysts-expect-weatherford-international-plc-wft-will-post-quarterly-sales-of-1-49-billion.html.

In related news, VP Douglas M. Mills sold 17,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $4.43, for a total value of $77,525.00. Following the sale, the vice president now directly owns 279,125 shares of the company’s stock, valued at $1,236,523.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.16% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Weatherford International PLC by 1.5% in the second quarter. Vanguard Group Inc. now owns 83,499,841 shares of the oil and gas company’s stock valued at $323,144,000 after buying an additional 1,203,292 shares in the last quarter. Harris Associates L P boosted its stake in Weatherford International PLC by 2,166.3% in the second quarter. Harris Associates L P now owns 61,075,275 shares of the oil and gas company’s stock valued at $236,361,000 after buying an additional 58,380,345 shares in the last quarter. State Street Corp boosted its stake in Weatherford International PLC by 3.3% in the second quarter. State Street Corp now owns 50,573,863 shares of the oil and gas company’s stock valued at $195,718,000 after buying an additional 1,617,102 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Weatherford International PLC by 71.9% in the second quarter. Wedge Capital Management L L P NC now owns 29,156,413 shares of the oil and gas company’s stock valued at $112,835,000 after buying an additional 12,194,205 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in Weatherford International PLC by 30.3% in the second quarter. Thrivent Financial For Lutherans now owns 13,347,035 shares of the oil and gas company’s stock valued at $51,653,000 after buying an additional 3,103,335 shares in the last quarter.

Weatherford International PLC (NYSE WFT) opened at 4.24 on Monday. The company’s market cap is $4.19 billion. Weatherford International PLC has a 12 month low of $3.39 and a 12 month high of $7.09. The company’s 50-day moving average is $4.16 and its 200-day moving average is $4.71.

Weatherford International PLC Company Profile

Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates four segments: North America, Latin America, Europe/West Africa/the former Soviet Union (FSU) and Middle East/North Africa/Asia.

Get a free copy of the Zacks research report on Weatherford Interna

According to Zacks, analysts expect that Weatherford International PLC will report full-year sales of $1.49 billion for the current fiscal year, with estimates ranging from $5.73 billion to $5.84 billion. For the next financial year, analysts expect that the company will post sales of $6.37 billion per share, with estimates ranging from $5.79 billion to $7.30 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Weatherford International PLC.

Weatherford International PLC (NYSE:WFT) last announced its earnings results on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.28). Weatherford International PLC had a negative net margin of 53.49% and a negative return on equity of 65.33%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm posted ($0.28) earnings per share. Weatherford International PLC’s revenue was down 2.8% compared to the same quarter last year.

A number of equities research analysts recently weighed in on WFT shares. ValuEngine cut Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Piper Jaffray Companies set a $6.00 price target on Weatherford International PLC and gave the company a “buy” rating in a research note on Saturday, July 29th. Cowen and Company set a $8.00 price target on Weatherford International PLC and gave the company a “buy” rating in a research note on Friday. Scotiabank set a $6.00 price target on Weatherford International PLC and gave the company a “hold” rating in a research note on Friday, July 7th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Weatherford International PLC in a research note on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $6.22.

WARNING: “Zacks: Analysts Expect Weatherford International PLC (WFT) Will Post Quarterly Sales of $1.49 Billion” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/09/zacks-analysts-expect-weatherford-international-plc-wft-will-post-quarterly-sales-of-1-49-billion.html.

In related news, VP Douglas M. Mills sold 17,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $4.43, for a total value of $77,525.00. Following the sale, the vice president now directly owns 279,125 shares of the company’s stock, valued at $1,236,523.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.16% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Weatherford International PLC by 1.5% in the second quarter. Vanguard Group Inc. now owns 83,499,841 shares of the oil and gas company’s stock valued at $323,144,000 after buying an additional 1,203,292 shares in the last quarter. Harris Associates L P boosted its stake in Weatherford International PLC by 2,166.3% in the second quarter. Harris Associates L P now owns 61,075,275 shares of the oil and gas company’s stock valued at $236,361,000 after buying an additional 58,380,345 shares in the last quarter. State Street Corp boosted its stake in Weatherford International PLC by 3.3% in the second quarter. State Street Corp now owns 50,573,863 shares of the oil and gas company’s stock valued at $195,718,000 after buying an additional 1,617,102 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Weatherford International PLC by 71.9% in the second quarter. Wedge Capital Management L L P NC now owns 29,156,413 shares of the oil and gas company’s stock valued at $112,835,000 after buying an additional 12,194,205 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in Weatherford International PLC by 30.3% in the second quarter. Thrivent Financial For Lutherans now owns 13,347,035 shares of the oil and gas company’s stock valued at $51,653,000 after buying an additional 3,103,335 shares in the last quarter.

Weatherford International PLC (NYSE WFT) opened at 4.24 on Monday. The company’s market cap is $4.19 billion. Weatherford International PLC has a 12 month low of $3.39 and a 12 month high of $7.09. The company’s 50-day moving average is $4.16 and its 200-day moving average is $4.71.

Weatherford International PLC Company Profile

Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates four segments: North America, Latin America, Europe/West Africa/the former Soviet Union (FSU) and Middle East/North Africa/Asia.

Get a free copy of the Zacks research report on Weatherford International PLC (WFT)

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Earnings History and Estimates for Weatherford International PLC (NYSE:WFT)

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