Nabors Industries Ltd expected to post a loss of 55 cents a share - Earnings Preview

Nabors Industries

04/02/2023 01:16

* Nabors Industries Ltd  NBR.N   NBR  is expected to show a
rise
in quarterly revenue when it reports  results on February 7. 
    * The Hamilton Bermuda-based   company is expected to report
 a
37.4% increase in revenue to $747 million from $543.54 million a
year ago, according to the mean estimate from 6 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Nabors Industries
Ltd is
for a loss of 55 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"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 $193​, above​ its last closing price of $170.43. ​​​

The company's guidance on October 26 2022 for the period ended
December 31 was for Capital Expenditures between USD100 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  
 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
                                                        ​
 Dec. 31 2021  -12.64      -12.17     -14.13    Missed  -16.1
 ​​Sep.        -13.40      -13.30     -15.79    Missed  -18.7
 30 2021                                                
 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
 This summary was machine generated February 4 at 01:16 GMT.  All
figures in US dollars  unless otherwise stated