Will Weatherford (WFRD) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Weatherford (WFRD) is positioned to potentially continue its earnings-beat streak in the upcoming report, having surpassed earnings estimates consistently in recent quarters [1][5]. Earnings Performance - In the last reported quarter, Weatherford achieved earnings of $1.50 per share, exceeding the Zacks Consensus Estimate of $1.34 per share by 11.94% [2]. - In the previous quarter, the company reported earnings of $2.06 per share against an expected $1.65 per share, resulting in a surprise of 24.85% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Weatherford, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8]. - The current Earnings ESP for Weatherford is +1.50%, suggesting analysts are optimistic about its near-term earnings potential [8]. Zacks Rank and Success Rate - Weatherford holds a Zacks Rank of 3 (Hold), which, when combined with a positive Earnings ESP, indicates a high probability of beating consensus estimates, with a success rate of nearly 70% for stocks with this combination [6][8].