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

Nabors Industries

26/10/2023 24:08

* Nabors Industries Ltd  NBR.N  reported a quarterly
adjusted loss
of $6.26​​ per share for the quarter ended in September. The
mean expectation of eleven analysts for the quarter was for a
loss of 10 cents per share.
    * Revenue rose 6.5% to $744.14 million from a year ago;
analysts
expected $767.19 million. 
    * Nabors Industries Ltd's reported EPS for the quarter was a
loss
of $6.26​.
    * The mean earnings estimate of analysts had fallen by
about 107.5% in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates 
    * Nabors Industries Ltd shares had fallen by 6.9% this
quarter and
lost 26.0% so far this year.
    * The company reported a quarterly loss of $48.92 million.
    * Wall Street's median 12-month price target for Nabors
Industries
Ltd is $140.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 25 at 11:08 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      -0.55          -7.87          Missed