Weatherford (WFT) Q4 Loss Wider Than Expected

Loss Wider than Expected: Weatherford International Ltd. (WFT) reported fourth quarter loss per share of 33 cents, wider than the Zacks Consensus Estimate of a loss of 21 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.

Nonetheless, Weatherford has an impressive earnings surprise history. Before posting the earnings beat in Q4, the company delivered positive surprises in three of the prior four quarters. Overall, the company has a positive earnings surprise of 2.03% 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 $1,490 million, lagging the Zacks Consensus Estimate of $1,495 million. The reported figure however, increased significantly from $1,406.0 million in the year-ago period.

Key Stats:

Western Hemisphere revenues for the fourth quarter were $759 million, down 1% sequentially, but up 3%, year-over-year.

Eastern Hemisphere posted revenues of $731 million, up 5% sequentially and up 9% year-over-year.

Zacks Rank: Currently, Weatherford carries a Zacks Rank #4 (Sell) 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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