Weatherford International Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St.10-24

Weatherford International (NASDAQ:WFRD) Third Quarter 2024 Results Key Financial Results Revenue: US$1.41b (up 7.3% from 3Q 2023). Net income: US$157.0m (up 28% from 3Q 2023). Profit margin: 11% (up ...

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The increase in margin was driven by higher revenue.NasdaqGS:WFRD Earnings and Revenue Growth October 24th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  surpassed analyst estimates by 25%.Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Energy Services industry in the US.The company's shares are down 12% from a week ago.Following the latest earnings results, Weatherford International may be undervalued based on 6 different valuation benchmarks we assess. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WFRD":"Weatherford International PLC"},"translate_title":"威德福国际2024年第三季度收益：每股收益超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WFRD":0.9},"content_text":"Weatherford International (NASDAQ:WFRD) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$1.41b (up 7.3% from 3Q 2023).\nNet income: US$157.0m (up 28% from 3Q 2023).\nProfit margin: 11% (up from 9.4% in 3Q 2023). The increase in margin was driven by higher revenue.\nEPS: US$2.15 (up from US$1.71 in 3Q 2023).\n\n\n\n\n  NasdaqGS:WFRD Earnings and Revenue Growth October 24th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nWeatherford International EPS Beats Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. \n Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Energy Services industry in the US. \nPerformance of the American Energy Services industry.\n The company's shares are down 12% from a week ago. \nValuation\n Following the latest earnings results, Weatherford International may be undervalued based on 6 different valuation benchmarks we assess. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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