Nabors Industries Ltd expected to post earnings of $2.30 a share - Earnings Preview

Nabors Industries

22/07/2023 03:24

* Nabors Industries Ltd  NBR.N   NBR  is expected to show a
rise
in quarterly revenue when it reports  results on July 25. 
    * The Hamilton Bermuda-based   company is expected to report
 a
22.9% increase in revenue to $775.558 million from $630.94
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 $2.30 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 8
"hold" and 1 "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 $137.5​, above​ its last closing price of $114.40. ​​​

The company's guidance on April 24 2023 for the period ended
June 30 was for Capital Expenditures of USD140 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  
 Mar. 31 2023  1.21        1.53       4.11      Beat    168.9
 Dec. 31 2023  -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.        -11.13      -10.99     -22.51    Missed  -104.8
 31 2022                                                
 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. 30 2021  -16.91      -17.47     -18.25    Missed  -4.5
 This summary was machine generated July 22 at 02:24 GMT.  All
figures in US dollars  unless otherwise stated