Nabors Industries Q4 Adj EPS $(1.56) Misses $(1.22) Estimate, Sales $725.80M Miss $744.59M Estimate
Portfolio Pulse from mahesh@benzinga.com
Nabors Industries (NBR) reported Q4 adjusted EPS of $(1.56), missing the $(1.22) estimate, and sales of $725.80M, missing the $744.59M estimate. This represents a 59.9% improvement in losses per share but a 4.52% decrease in sales compared to the same period last year.
February 06, 2024 | 9:53 pm
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Nabors Industries reported a Q4 adjusted EPS of $(1.56), missing estimates, and sales of $725.80M, also below expectations. Despite a significant improvement in losses per share from the previous year, sales have decreased.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. Although there's a significant improvement in losses per share compared to last year, the decrease in sales and failure to meet analyst expectations could lead to a negative perception of the company's financial health and growth prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100