Nabors Industries Ltd expected to post earnings of $1.53 a share - Earnings Preview

Nabors Industries

22/04/2023 03:16

* Nabors Industries Ltd  NBR.N   NBR  is expected to show a
rise
in quarterly revenue when it reports  results on April 24. 
    * The Hamilton Bermuda-based   company is expected to report
 a
36.1% increase in revenue to $773.58 million from $568.54
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Nabors Industries
Ltd is
for earnings of $1.53 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 had fallen by
about 14.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Nabors
Industries
Ltd is $195​, above​ its last closing price of $112.18. ​​​

The company's guidance on February 8 2023 for the period ended
March 31 was for Capital Expenditures of USD150 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  
 Dec. 31 2022  -0.98       -0.55      -7.87     Missed  -1,332
                                                        .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
 ​​Dec.        -12.64      -12.17     -14.13    Missed  -16.1
 31 2021                                                
 Sep. 30 2021  -13.40      -13.30     -15.79    Missed  -18.7​
 Jun. 30 2021  -16.91      -17.47     -18.25    Missed  -4.5
 Mar. 31 2021  -22.43      -21.78     -19.47    Beat    10.6
 This summary was machine generated April 22 at 02:16 GMT.  All
figures in US dollars  unless otherwise stated