Nabors Industries Ltd. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Nabors Industries Ltd. (NYSE:NBR) will unveil its latest earnings on Tuesday, February 21, 2012. Nabors Industries conducts oil, gas and geothermal land drilling operations in the Americas, Caribbean, Middle East, Far East, Russia, and Africa.

Nabors Industries Ltd. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 50 cents per share, a rise of 13.6% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 49 cents during the last month. Analysts are projecting profit to rise by 41.7% versus last year to $1.46.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the third quarter, the company reported net income of 44 cents per share versus a mean estimate of profit of 40 cents per share. In the second quarter, the company missed estimates by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.72 billion in revenue this quarter, a rise of 29.3% from the year-ago quarter. Analysts are forecasting total revenue of $6.13 billion for the year, a rise of 45.3% from last year’s revenue of $4.22 billion.

Analyst Ratings: Analysts are high on the stock, with 12 analysts rating it as a buy, none rating it as a sell and eight rating it as a hold.

A Look Back: In the third quarter, the company swung to a profit of $74.3 million (25 cents a share) from a loss of $39.6 million (14 cents) a year earlier, beating analyst estimates. Revenue rose 53.6% to $1.66 billion from $1.08 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 66.2%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose more than twofold from the year earlier quarter.

Stock Price Performance: Between December 16, 2011 and February 15, 2012, the stock price had risen $2.71 (16.2%), from $16.74 to $19.45. The stock price saw one of its best stretches over the last year between January 26, 2012 and February 7, 2012, when shares rose for nine straight days, increasing 12.9% (+$2.25) over that span. It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight days, dropping 32.8% (-$8.80) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com