Nabors Industries Ltd reports results for the quarter ended in December - Earnings Summary

Nabors Industries

07/02/2024 05:25

* Nabors Industries Ltd  NBR.N  reported a quarterly
adjusted loss
of $2.70​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of $-7.87.  The mean expectation of eleven analysts for the
quarter was for a loss of $1.22 per share. Wall Street expected
results to range from $-2.79 to 73 cents per share.
    * Revenue fell 4.1% to $737.84 million from a year ago;
analysts
expected $744.59 million. 
    * Nabors Industries Ltd's reported EPS for the quarter was a
loss
of $2.70​.
    * The company reported a quarterly loss of $24.68 million.
    * Nabors Industries Ltd shares had fallen by 0.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.3%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the oil & gas
drilling
peer group is also "hold"

Wall Street's median 12-month price target for Nabors Industries
Ltd is $114.00 
This summary was machine generated from LSEG data February 7 at
05:25 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -1.22          -2.70          Missed
 Sep. 30 2023      -0.10          -6.26          Missed
 Jun. 30 2023      2.30           -0.31          Missed
 Mar. 31 2023      1.53           4.11           Beat