Nabors Industries Ltd expected to post a loss of $13.30 a share - Earnings Preview

Nabors Industries

23/10/2021 01:02

* Nabors Industries Ltd  NBR.N   NBR  is expected to show a rise
in quarterly revenue when it reports results on October 26. 
* The Hamilton, Bermuda-based company is expected to report  a
14.7% increase in revenue to $502.6 million from $438.35 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Nabors Industries Ltd
is for a loss of $13.30 per share. For the same quarter last
year, the company reported a loss of $22.09 per share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and 4 "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 $110​, about 9.6% below​ its last closing
price of $120.60. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  -16.91      -17.47     -18.25    Missed  -4.5
 Mar. 31 2021  -22.43      -21.78     -19.47    Beat    10.6
 Dec. 31 2020  -24.46      -23.89     -28.72    Missed  -20.2​
 Sep. 30 2020  -24.43      -24.12     -22.09    Beat    8.4
 Jun.          -27.71​     -24.63     -13.32    Beat    45.9​
 30​ 2020​                                              
 Mar. 31 2020  -16.97      -15.38     -19.86    Missed  -29.1​
 Dec. 31 2019  -14.60      -13.49     -38.50    Missed  -185.3
 Sep. 30 2019  -11.31      -10.93     -18.50    Missed  -69.3
 This summary was machine generated October 23 at 00:02 GMT.  All
figures in US dollars unless otherwise stated