Nabors Industries Ltd expected to post a loss of $1.66 a share - Earnings Preview

Nabors Industries

23/04/2024 24:35

* Nabors Industries Ltd  NBR.N   NBR  is expected to show a
fall
in quarterly revenue when it reports  results on April 24 for
the period ending March 31 2024
    * The Hamilton Bermuda-based   company is expected to report
a
6.4% decrease in revenue to $728.893 million from $779.14
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Nabors Industries Ltd is
for a
loss of $1.66 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and 2 "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 $107.50​, above​ its last closing price of $76.00. ​​​

The company's guidance on February 6 2024 for the period ended
March 31 was for Capital Expenditures between USD170 million and
USD180 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  
 Dec. 31 2023  -1.45       -1.22      -2.70     Missed  -121.7
 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.        -0.98       -0.55      -7.87     Missed  -1,332
 31 2022                                                .7
 Sep. 30 2022  -4.97       -4.71      -1.80     Beat    61.8​
 Jun. 30 2022  -7.23       -7.25      -9.41     Missed  -29.8
 Mar. 31 2022  -11.13      -10.99     -22.51    Missed  -104.8
 This summary was machine generated April 22 at 23:35 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)