Nabors Industries (NYSE:NBR) is set to give its latest quarterly earnings report on Tuesday, 2024-02-06. Here’s what investors need to know before the announcement.
Analysts estimate that Nabors Industries will report an earnings per share (EPS) of $-1.22.
Nabors Industries bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here’s a look at Nabors Industries’s past performance and the resulting price change:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 2.30 | 1.63 | -0.55 | |
| EPS Actual | -6.26 | -0.31 | 2.05 | -3.89 |
| Price Change % | -6.21% | 3.13% | -10.05% | 6.7% |
Stock Performance
Shares of Nabors Industries were trading at $78.07 as of February 02. Over the last 52-week period, shares are down 56.71%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
To track all earnings releases for Nabors Industries visit their earnings calendar on our site.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
