Analysts anticipate that Weatherford International Plc will post ($0.96) EPS for the current fiscal year. Nine analysts have made estimates for Weatherford International Plc's earnings, with the lowest sales estimate coming in at $1.34 billion and the highest estimate coming in at $1.52 billion. Comparatively, WFT posted earnings of $-0.14 per share in the same quarter, a year earlier.
The 114-year-old auto maker, like its Detroit rival General Motors Co., has booked substantial profits during a seven-year hot streak for USA vehicle sales and strong appetite for lucrative trucks, but shares in domestic auto companies have been battered.
Analysts' ultimate objective when projecting revenue is to determine the appropriate value for a stock.
Analysts and investors will be looking forward to the next earnings release from Weatherford International plc (NYSE:WFT) which is scheduled to be on or around 2017-07-26 for the period ending 2017-06-30.
The Boeing Company (NYSE:BA) plunged-2.00% and closed at $183.18 in the last trading session with the overall traded volume of 7.06 Million shares versus to the average volume of 2988.63 shares. Weatherford International Plc had a negative return on equity of 30.56% and a negative net margin of 59.00%. The high and low revenue estimates for the current quarter are $1.51 Billion and $1.41 Billion, respectively. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The firm's revenue was down 12.6% on a year-over-year basis.
A number of other research firms have also weighed in on WFT.
Weatherford International Plc (NYSE:WFT)'s shares are trading at $5.11 with decline of -1.45%. Weatherford International plc was covered by a number of analysts recently, 9 rated the stock as Buy, 17 rated Outperform, 7 rated Hold, 2 gave an Underperform and 0 rated sell. Vetr downgraded Weatherford International Plc from a "strong-buy" rating to a "buy" rating and set a $6.78 price target for the company.in a report on Friday, March 17th. Analysts have a mean recommendation of 2.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).
In other Weatherford International Plc news, VP Douglas M. Mills sold 14,395 shares of the stock in a transaction that occurred on Tuesday, February 28th. The share price is trading in a range of $5.10 - 5.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company's stock.
A number of institutional investors have recently modified their holdings of the company. Balentine LLC acquired a new position in Weatherford International Plc during the third quarter worth $122,000. State Street Corp boosted its position in shares of Weatherford International Plc by 33.6% in the fourth quarter.
A trend analysis is a method of analysis that allows traders to predict what will happen with a stock in the future.
During last 5 trades the stock sticks nearly -4.34%. ARGA Investment Management LP boosted its position in shares of Weatherford International Plc by 1.2% in the first quarter. Following the completion of the sale, the vice president now directly owns 318,520 shares of the company's stock, valued at approximately $1,777,341.60.
Cenovus Energy Inc. (NYSE:CVE) is another stock that is grabbing investors attention these days. ET AL boosted its position in shares of Weatherford International Plc by 2.3% in the first quarter. In this case, shares are 3.49% higher from $9.18, the worst price in 52 weeks suffered on May. The stock closing price is now trading upward to its 50 day moving average with change of 28.78%, escalated to its 20 day moving average with figure of 28.75% and above its 200 day moving average with value 70.56%. The Weekly and Monthly Volatility stands at 4.76% and 5.38%. The Company operates four segments: North America, Latin America, Europe/West Africa/the former Soviet Union (FSU) and Middle East/North Africa/Asia.