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What Do Analysts Expect from WFT’s Q2 2018 Earnings?

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Jul. 23 2018, Updated 9:53 a.m. ET

WFT’s Q2 2018 earnings estimates

In the second quarter, Wall Street analysts expect an adjusted loss of $0.18 per share for Weatherford International (WFT). This indicates that analysts expect WFT to reduce its adjusted loss compared to its first-quarter adjusted loss of $0.19 per share. 

WFT’s management expects higher upstream activity to result in higher operating income in the Eastern Hemisphere. It also expects better utilization, pricing gains, and benefits from its cost-reduction initiatives in the coming quarters. These can result in WFT’s improved earnings in the second quarter.

Factors that partially offset the positive effects include lower operating income in the Western Hemisphere led by lower upstream activity in Canada. WFT expects to hold its second-quarter earnings conference call on July 27.

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WFT’s earnings versus estimates

Weatherford International’s adjusted EPS beat its consensus EPS in the first quarter. Weatherford International’s average adjusted EPS has fallen short of the consensus EPS in the past 13 quarters. From the first quarter of 2017 through the first quarter, Weatherford International has been able to reduce its adjusted loss.

WFT’s Q2 2018 revenue estimates

Analysts expect Weatherford International to post $1.47 billion in revenues in the second quarter, which is 3.0% higher than its first-quarter revenues.

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Analysts’ estimates for WFT’s peers

Wall Street analysts expect Flotek Industries (FTK), WFT’s smaller market-cap peer, to deteriorate to an adjusted loss in the second quarter compared to an adjusted profit in the first quarter. 

Analysts expect Patterson-UTI Energy’s (PTEN) second-quarter adjusted loss to decrease year-over-year. Sell-side analysts expect a reduced adjusted loss of $0.24 per share for Nabors Industries (NBR) in the second quarter compared to its first-quarter adjusted loss of $0.29 per share.

Series highlights

In this series, we’ll see what indicators are suggesting for WFT and see what analysts have to say about its outlook. Next, we’ll discuss WFT’s value drivers.

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