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

Nabors Industries

24/04/2023 23:10

* Nabors Industries Ltd  NBR.N  reported quarterly adjusted
earnings of $4.11​​ per share for the quarter ended in March.
The mean expectation of eleven analysts for the quarter was
for earnings of $1.53 per share.
    * Revenue rose 37% to $779.14 million from a year ago;
analysts
expected $773.58 million. 
    * Nabors Industries Ltd's reported EPS for the quarter was
$4.11​.
    * The mean earnings estimate of analysts had fallen by
about 32.7%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Nabors Industries Ltd shares had fallen by 8.0% this
quarter and
lost 27.6% so far this year.
    * The company reported quarterly net income of $49.22
million.
    * Wall Street's median 12-month price target for Nabors
Industries
Ltd is $195.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
April 24 at 10:10 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.53           4.11           Beat
 Dec. 31 2022      -0.55          -7.87          Missed
 Sep. 30 2022      -4.71          -1.80          Beat
 Jun. 30 2022      -7.25          -9.41          Missed