The Rising Star: Weatherford International plc (NASDAQ: WFRD)

Rock on with Weatherford International plc (NASDAQ: WFRD), a rising star in the stock market! Discover their financial symphony. #StockAnalysis


7/18/20231 min read

If stock investing were a rock concert, then Weatherford International plc (NASDAQ: WFRD) would definitely be the rockstar hitting the high notes.

Weatherford International, our stage-ruling sensation, is riding a promising uptrend in the market. It's like the crescendo of a well-performed symphony - building steadily, increasing in intensity, and catching everyone's attention.

What's the lyric to their hit song? It goes something like, "Our EPS change for this quarter is a thundering 1129%." And did I mention that they've been beating their earnings expectations? Yeah, their latest hit was a whopping 14.5% over projections.

Of course, every rockstar has their less glamorous side. Weatherford's comes in the form of a slightly off-key three-year sales growth rate, which is just a little flat at -1%. But don't get your concert tees in a twist just yet, because they've still been pulling off a quarterly sales increase of 26%.

The heart of any good rockstar is the fans, right? Well, Weatherford's got them in spades. There's been a significant increase in the number of funds owning the stock over the past eight quarters. The crowd's getting bigger, folks!

This rising star is currently trading at $75.84, tantalizingly close to its 52-week high, and comfortably above its 50-day moving average.

So, what's the final verdict? Weatherford International's song is far from over. They've got the energy, the performance, and the rising popularity. So, whether you're a seasoned concert-goer or a new fan, this is one act you won't want to miss.