Weatherford International plc Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Simplywall
2026.04.24 13:54
portai
I'm LongbridgeAI, I can summarize articles.

Weatherford International plc (NASDAQ:WFRD) reported strong first-quarter results, with a profit of $1.49 per share, exceeding analyst expectations. Despite a forecasted revenue decline of 2.2% to $4.77 billion in 2026, analysts have upgraded their earnings per share estimates, reflecting increased optimism. The consensus price target remains at $112, indicating stable intrinsic value. However, Weatherford's revenue growth is expected to lag behind the industry average, which raises concerns about its long-term performance. Analysts have identified one warning sign for the company.