WFRD Earnings Prediction
The chart below shows how WFRD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WFRD sees a +0.34% change in stock price 10 days leading up to the earnings, and a +3.83% change 10 days following the report. On the earnings day itself, the stock moves by +0.41%. This data can give you a slight idea of what to expect for the next quarter's release.
WFRD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.34B
-1.54%
-4.83%
Gross Margin
31.92%
-6.09%
-8.59%
Operating Margin
14.77%
-6.87%
-14.38%
Net Margin
9.25%
-14.27%
-21.48%
EPS
1.50
-20.63%
-28.23%
No Data Available
WFRD Earnings Analysis
Weatherford International PLC Corporation (WFRD.O) Earnings Conference Call
Positive
Record Adjusted EBITDA Margin: Adjusted EBITDA margins for the full year reached 25.1%, marking the highest full-year margin in over 15 years.
Free Cash Flow Performance: Generated $524 million of adjusted free cash flow for the year, achieving a 37.9% free cash flow conversion rate.
International Revenue Growth: International business revenue grew by 10% year-over-year, driven by strong performance in the Middle East, North Africa, and Asia, which saw a 17% increase.
Share Repurchase Confidence: Repurchased approximately $99 million of shares during the second half of 2024, indicating confidence in the company's valuation and commitment to returning capital to shareholders.
Wealth Services Growth Expansion: Achieved significant growth in the Wealth Services product line, which has expanded over 50% in three years, highlighting a strong growth vector with low capital intensity.
Negative
Latin America Revenue Decline: Significant reduction in activity in Latin America, particularly in Mexico, leading to a 6% sequential decline in international revenue and a 3% year-over-year decline.
North America Revenue Decline: North America revenue decreased by 2% sequentially due to reduced U.S. land activity, indicating ongoing challenges in the region.
Q4 EBITDA Margin Decline: Adjusted EBITDA margins for Q4 fell to 24.3%, reflecting the negative impact of lower revenues, despite achieving a full-year margin of 25.1%.
International Revenue Decline: For 2025, total international revenues are projected to decline mid-single digits, primarily due to anticipated drops in Mexico and Russia, with overall international revenues expected to decline quarter on quarter by mid-double digits.
Cost-Cutting Measures: A restructuring and severance charge of $32 million was taken in Q4, indicating significant cost-cutting measures in response to declining revenues.
WFRD FAQs
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WFRD Earning Call Sentiment
Weatherford International plc (NASDAQ:WFRD) Q4 2024 Earnings Call Transcript
WFRD.O
-6.75%Positive
The earnings call highlights several challenges: revenue declines in North America and international markets, significant activity drops in Mexico and Russia, and near breakeven free cash flow in Q1. While there are positive elements like share repurchases and strong liquidity, the negative market outlook and management's unclear responses on recovery timelines overshadow these. The Q&A section further emphasizes the challenges in Mexico and Russia, and the inability of Saudi growth to offset these declines. Overall, the sentiment leans negative, likely leading to a stock price decline.
