Weatherford International Earnings: Here’s Why the Stock is Falling Now

Weatherford International Ltd. (NYSE:WFT) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.21%.

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Weatherford International Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 42.31% to $0.15 in the quarter versus EPS of $0.26 in the year-earlier quarter.

Revenue: Rose 6.61% to $3.84 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Weatherford International Ltd. reported adjusted EPS income of $0.15 per share. By that measure, the company missed the mean analyst estimate of $0.15. It missed the average revenue estimate of $3.9 billion.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue decreased 5.45% from $4.06 billion in the previous quarter. EPS increased 1400% from $0.01 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.22 to a profit $0.18. For the current year, the average estimate has moved down from a profit of $1.02 to a profit of $0.88 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)