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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Nabors Industries has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
Nabors Industries has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)