A Look at Nabors Industries's Upcoming Earnings Report

Nabors Industries (NYSE:NBR) will release its quarterly earnings report on Tuesday, 2024-10-22. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Nabors Industries to report an earnings per share (EPS) of $-1.73.

Anticipation surrounds Nabors Industries's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Earnings History Snapshot

Last quarter the company missed EPS by $2.44, which was followed by a 10.42% increase in the share price the next day.

Here's a look at Nabors Industries's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-1.85

-1.66

-1.22

EPS Actual

-4.29

-4.54

-1.56

-6.26

Price Change %

10.0%

-5.0%

-1.0%

-6.0%

Nabors Industries Share Price Analysis

Shares of Nabors Industries were trading at $73.09 as of October 18. Over the last 52-week period, shares are down 37.02%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

Analyst Insights on Nabors Industries

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Nabors Industries.

With 4 analyst ratings, Nabors Industries has a consensus rating of Neutral. The average one-year price target is $94.75, indicating a potential 29.63% upside.

Understanding Analyst Ratings Among Peers

The below comparison of the analyst ratings and average ...