Nabors Industries: Here’s What Investors Need to Know Before Earnings
Nabors Industries (NYSE:NBR) will report earnings after markets close on Tuesday, July 23rd. Nabors Industries Ltd, is a land drilling contractor, and also performs well servicing and workovers. The Company conducts oil, gas, and geothermal land drilling operations. Nabors’ well-site services include oilfield management, well logging, and other support services.
Here is your Cheat Sheet to Nabors Industries Earnings:
Earnings Expectations: Analysts expect earnings of $0.09 per share on revenues of $1.50 billion. Currently, the company’s P/E ratio stands at 33.72.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.3 to a profit $0.21. For the current year, the average estimate is a profit of $0.86, which is worse than the estimate ninety days ago.
Here’s how Nabors Industries has been performing on an annual basis:
|Revenue ($) in millions||5,304||3,503||4,216||6,137||6,751|
|Diluted EPS ($)||1.93||-0.30||0.33||0.83||0.56|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||1,608.17||1,674.12||1,627.10||1,660.96|
|Diluted EPS ($)||-0.25||0.26||0.09||0.33|
Nabors Industries has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)