Key Highlights:
- Analysts anticipate a significant decrease in Weatherford International's Q1 earnings.
- The average price target suggests substantial upside potential from current levels.
- Stock is rated as "Outperform" based on consensus from multiple brokerage firms.
Weatherford International's Upcoming Earnings Release
Weatherford International (WFRD, Financial) is poised to announce its first-quarter earnings on April 22, post-market close. Current analyst projections indicate earnings per share of $1.01, reflecting a notable 32.7% decline compared to the same quarter last year. Additionally, anticipated revenue stands at $1.19 billion, representing a 12.5% year-over-year decrease. Despite the company's mixed earnings history, recent estimates have seen downward revisions, pointing to potential challenges ahead for Weatherford.
Wall Street Analysts Forecast and Price Targets
According to the latest insights from seven analysts, the average 12-month price target for Weatherford International PLC (WFRD, Financial) is set at $84.71. This reflects a potential upside of 91.27% from the current trading price of $44.29. Price targets range from a high of $97.00 to a low of $66.00, highlighting a wide spectrum of expectations. For more in-depth analysis, visit the Weatherford International PLC (WFRD) Forecast page.
Brokerage Recommendations and GF Value Estimate
The consensus rating from seven brokerage firms positions Weatherford International PLC (WFRD, Financial) at an average recommendation of 1.9, which corresponds to an "Outperform" status. The rating scale spans from 1 (Strong Buy) to 5 (Sell), indicating overall positive sentiment towards the stock.
GuruFocus' proprietary GF Value metric places the estimated fair value of Weatherford International PLC (WFRD, Financial) at $73.47 over the next year. This translates to an upside potential of 65.88% from the current price of $44.29. The GF Value is derived from the stock's historical trading multiples, past business growth, and projected future performance. For more comprehensive details, explore the Weatherford International PLC (WFRD) Summary page.
