Nabors Industries Q1 2024 GAAP EPS $(4.54), Sales $734.000M Beat $728.893M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nabors Industries reported its Q1 2024 earnings with a GAAP EPS of $(4.54) and sales of $734 million, surpassing the estimated sales of $728.893 million.
April 24, 2024 | 8:16 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Nabors Industries exceeded sales estimates for Q1 2024, reporting $734 million against an expected $728.893 million, but had a GAAP EPS of $(4.54).
Beating sales estimates typically has a positive impact on investor sentiment and can lead to an increase in stock price. However, the negative EPS indicates significant losses, which could temper the positive reaction. The net effect is likely positive in the short term due to the sales beat.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100