Weatherford (WFRD) Surpasses Q4 Earnings Estimates

Core Viewpoint - Weatherford reported quarterly earnings of $1.50 per share, exceeding the Zacks Consensus Estimate of $1.34 per share, but down from $1.90 per share a year ago, indicating an earnings surprise of 11.94% [1][2] Financial Performance - The company posted revenues of $1.34 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 1.08% and down from $1.36 billion year-over-year [2] - Over the last four quarters, Weatherford has surpassed consensus EPS estimates three times [2] Stock Performance - Weatherford shares have declined approximately 9.3% since the beginning of the year, contrasting with the S&P 500's gain of 2.7% [3] - The current Zacks Rank for Weatherford is 4 (Sell), indicating expected underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.14 on revenues of $1.28 billion, and for the current fiscal year, it is $6.49 on revenues of $5.54 billion [7] - The trend for estimate revisions ahead of the earnings release was unfavorable, which may impact future stock performance [6] Industry Context - The Oil and Gas - Field Services industry is currently ranked in the bottom 21% of over 250 Zacks industries, suggesting potential challenges for companies within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could affect investor sentiment [5]