Nabors Industries Ltd reports results for the quarter ended in January 1 - Earnings Summary

Nabors Industries

23/10/2024 05:13

* Nabors Industries Ltd  NBR.N  reported a quarterly
adjusted loss
of $4.15​​ per share for the quarter ended January 1, higher
than the same quarter last year, when the company reported EPS
of $-6.26.  The mean expectation of eleven analysts for the
quarter was for a loss of $2.20 per share. Wall Street expected
results to range from $-4.18 to -59 cents per share.
    * Revenue fell 0.1% to $743.31 million from a year ago;
analysts
expected $748.76 million. 
    * Nabors Industries Ltd's reported EPS for the quarter was a
loss
of $6.86​.
    * The company reported a quarterly loss of $63.19 million.
    * Nabors Industries Ltd shares had risen by 15.7% this
quarter and
lost 8.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 73.3%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and 2 "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 91.00 
This summary was machine generated from LSEG data October 23 at
04:13 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
 Sep. 30 2024      -2.20          -4.15          Missed
 Jun. 30 2024      -1.85          -4.29          Missed
 Mar. 31 2024      -1.66          -4.54          Missed
 Dec. 31 2023      -1.22          -2.70          Missed