Nabors Industries Ltd. Third Quarter Earnings on Deck

S&P 500 (NYSE:SPY) component Nabors Industries Ltd. (NYSE:NBR) will unveil its latest earnings on Tuesday, October 25, 2011. 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 40 cents per share, a rise of 37.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 41 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 40 cents during the last month. For the year, analysts are projecting net income of $1.46 per share, a rise of 41.7% from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 2 cents, coming in at profit of 23 cents per share against an estimate of net income of. In the first quarter, the company also missed expectations.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 38.9% in revenue from the year-earlier quarter to $1.5 billion.

Analyst Ratings: Analysts are bullish on Nabors as 10 analysts rate it as a buy, none rate it as a sell and 10 rate it as a hold.

A Look Back: In the second quarter, profit rose more than fourfold to $192.4 million (65 cents a share) from $43.6 million (15 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 48.5% to $1.36 billion from $917.8 million.

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 61.9%, 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.

Competitors to Watch: Patterson-UTI Energy, Inc. (NASDAQ:PTEN), Helmerich & Payne, Inc. (NYSE:HP), Pioneer Drilling Company (AMEX:PDC), Bronco Drilling Co., Inc. (NASDAQ:BRNC), Precision Drilling Corp. (NYSE:PDS), Rowan Companies, Inc. (NYSE:RDC), Unit Corporation (NYSE:UNT), Allis-Chalmers Energy Inc. (NYSE:ALY), and Union Drilling, Inc. (NASDAQ:UDRL).

Stock Price Performance: During July 26, 2011 to October 19, 2011, the stock price had fallen $12.41 (-45.7%) from $27.13 to $14.72. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 15, 2011 when shares rose for five-straight days, rising 10.2% (+$1.71) 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, falling 32.8% (-$8.80) over that span. Shares are down $8.74 (-37.3%) year to date.

(Source: Xignite Financials)

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