Nabors Industries Ltd expected to post a loss of $1.22 a share - Earnings Preview

Nabors Industries

02/02/2024 22:04

* Nabors Industries Ltd  NBR.N   NBR  is expected to show a
fall
in quarterly revenue when it reports  results on February 6 for
the period ending December 31 2023
    * The Hamilton Bermuda-based   company is expected to report
a
3.2% decrease in revenue to $744.589 million from $769.34
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Total Revenue)
    * ​LSEG's mean analyst estimate for Nabors Industries Ltd is
for a
loss of $1.22 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Nabors
Industries
Ltd is $115.00​, above​ its last closing price of $78.07. ​​​

The company's guidance on October 26 2023 for the period ended
December 31 was for Capital Expenditures of USD95 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.88       -0.10      -6.26     Missed  -6,223
                                                        .2
 Jun. 30 2023  2.23        2.30       -0.31     Missed  -113.5
 Mar. 31 2023  1.21        1.53       4.11      Beat    168.9​
 Dec. 31 2022  -0.98       -0.55      -7.87     Missed  -1,332
                                                        .7
 ​​Sep.        -4.97       -4.71      -1.80     Beat    61.8
 30 2022                                                
 Jun. 30 2022  -7.23       -7.25                        -29.8​
 Mar. 31 2022  -11.13      -10.99     -22.51    Missed  -104.8
 Dec. 31 2021  -12.64      -12.17     -14.13    Missed  -16.1
 This summary was machine generated February 2 at 22:04 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)