Earnings Preview For Nabors Industries
Portfolio Pulse from Benzinga Insights
Nabors Industries (NYSE:NBR) is scheduled to release its quarterly earnings report on February 6, 2024, with analysts expecting an EPS of $-1.22. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Nabors Industries' stock performance has been negative over the last year, with a 56.71% decline, trading at $78.07 as of February 2. The company's past earnings performance has shown significant volatility in EPS and stock price changes post-earnings announcements.
February 05, 2024 | 4:01 pm
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NEUTRAL IMPACT
Nabors Industries is expected to report an EPS of $-1.22 for the latest quarter with hopes of positive future guidance. The stock has seen a significant decline of 56.71% over the past year, trading at $78.07 as of the latest.
The expected EPS of $-1.22 indicates a challenging quarter for Nabors Industries, but investor focus will likely be on the company's future guidance. Given the stock's significant decline over the past year, any positive outlook could potentially stabilize or uplift the stock price in the short term. However, the company's history of volatility in EPS and stock price reactions post-earnings suggests a cautious approach. The score is neutral due to the uncertainty surrounding the earnings outcome and its impact.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100