
Oilfield services company Weatherford (NASDAQ: WFRD) will be reporting results this Tuesday after the bell. Here’s what to look for.
Weatherford beat analysts’ revenue expectations last quarter, reporting revenues of $1.29 billion, down 3.9% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and EBITDA in line with analysts’ estimates.
Is Weatherford a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Weatherford’s revenue to decline 4% year on year, improving from the 12.2% decrease it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Weatherford has missed Wall Street’s revenue estimates multiple times over the last two years.
With Weatherford being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for upstream & integrated stocks. However, the whole sector has been hit hard over the last month as stocks in Weatherford’s peer group are down 4.1% on average. Weatherford is up 11.8% during the same time .
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