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

Nabors Industries

24/04/2024 23:01

* Nabors Industries Ltd  NBR.N  reported a quarterly
adjusted loss
of $4.54​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of
$4.11.  The mean expectation of eleven analysts for the quarter
was for a loss of $1.66 per share. Wall Street expected
results to range from $-2.95 to -42 cents per share.
    * Revenue fell 4.5% to $743.91 million from a year ago;
analysts
expected $728.89 million. 
    * Nabors Industries Ltd's reported EPS for the quarter was a
loss
of $4.54​.
    * The company reported a quarterly loss of $41.62 million.
    * Nabors Industries Ltd shares had fallen by 6.4% this
quarter and
lost 1.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 95.2%
in the last three months.​ 
    * In the last 30 days, four 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," 7
"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 $107.50 
This summary was machine generated from LSEG data April 24 at
10:01 p.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
 Mar. 31 2024      -1.66          -4.54          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