Nabors Industries Ltd expected to post a loss of $4.71 a share - Earnings Preview

Nabors Industries

21/10/2022 22:01

* Nabors Industries Ltd  NBR.N   NBR  is expected to show a
rise
in quarterly revenue when it reports  results on October 25. 
    * The Hamilton Bermuda-based   company is expected to report
 a
29.5% increase in revenue to $678.934 million from $524.17
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 $4.71 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "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 $158.5​, above​ its last closing price of $129.66. ​​​

The company's guidance on August 3 2022 for the period ended
September 30 was for Capital Expenditures between USD110 million
and USD120 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  -7.23       -7.25      -9.41     Missed  -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​
 Sep. 30 2021  -13.40      -13.30     -15.79    Missed  -18.7
 ​​Jun.        -16.91      -17.47     -18.25    Missed  -4.5
 30 2021                                                
 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
 This summary was machine generated October 21 at 21:01 GMT.  All
figures in US dollars  unless otherwise stated