Weatherford International Full Year 2024 Earnings: In Line With Expectations

Weatherford International (NASDAQ:WFRD) Full Year 2024 Results

Key Financial Results

• Revenue: US$5.51b (up 7.4% from FY 2023).
• Net income: US$506.0m (up 21% from FY 2023).
• Profit margin: 9.2% (up from 8.1% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$6.93 (up from US$5.79 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Weatherford International Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Weatherford International you should be aware of.

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