The other area for Weatherford investors to watch is North America. It’s had to endure the same sluggishness as rivals Baker Hughes and Halliburton Company (NYSE:HAL). However, last quarter, Weatherford International Ltd (NYSE:WFT)’s revenue in the region was up 4% year over year, so it will be important for it to show more growth in this quarter and beyond. If its peers are any indication, Weatherford should benefit along with the industry as North American oil-field services rebound. Halliburton Company (NYSE:HAL), for example, sees the trend toward multi-well pads being a positive development for its business because it should result in higher service intensity. It’s important that Weatherford sees similar gains, or else it could mean that its losing business to rivals.
Final Foolish thoughts
It hasn’t been all smooth sailing for Weatherford International Ltd (NYSE:WFT) of late. The company dug itself quite a hole and is only now starting to emerge. Only time will tell if that hole causes the company any long-term damage, especially with its reputation to its customers. That’s why it’s important to look past the headlines of the company’s upcoming earnings release and look at what’s really behind those numbers.
The article Can Weatherford Storm Back and Beat Estimates? originally appeared on Fool.com and is written by Matt DiLallo.
Fool contributor Matt DiLallo has no position in any stocks mentioned. The Motley Fool recommends Halliburton.
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