- Weatherford International (WFRD, Financial) Q1 GAAP EPS exceeds expectations despite revenue challenges.
- Analysts predict significant upside potential, with an average price target far above current levels.
- Stock currently holds an "Outperform" rating from brokerage analysts.
Weatherford International (WFRD) recently announced its first-quarter financials, recording a GAAP EPS of $1.03, which outperformed projections by $0.03. Despite a 12.5% decrease compared to the previous year, the company's revenue maintained stability at $1.19 billion, showcasing Weatherford's ongoing strength in the global oil and gas services industry.
Wall Street Analysts Forecast
Delving into stock forecasts, seven financial analysts have provided a one-year price target for Weatherford International PLC (WFRD, Financial), averaging at $84.71. These predictions vary, with the highest estimate reaching $97.00 and the lowest at $66.00. Notably, this average target reflects an impressive upside of 88.38% from the current trading price of $44.97. Further detailed projections are available on the Weatherford International PLC (WFRD) Forecast page.
The average brokerage recommendation for Weatherford International PLC (WFRD, Financial) currently stands at 1.9, signaling an "Outperform" status. This consensus from seven brokerage firms is based on a rating scale from 1 to 5, where 1 indicates a Strong Buy and 5 represents a Sell.
In addition, according to GuruFocus estimates, the anticipated GF Value for Weatherford International PLC (WFRD, Financial) in the forthcoming year is projected at $73.47. This suggests a potential upside of 63.38% from its present price of $44.97. The GF Value represents GuruFocus' approximation of a stock's fair value, derived from historical trading multiples, past business growth, and forward-looking performance estimates. Additional comprehensive insights can be explored on the Weatherford International PLC (WFRD) Summary page.
