A Look at Nabors Industries's Upcoming Earnings Report
Portfolio Pulse from Benzinga Insights
Nabors Industries (NYSE:NBR) is set to release its quarterly earnings report on October 22, 2024. Analysts expect an EPS of $-1.73. Despite a history of missing EPS estimates, the stock has shown mixed price reactions. The company faces challenges with negative revenue growth, low net margins, and high debt levels. Analysts have a Neutral rating with a price target suggesting a potential upside.
October 21, 2024 | 3:02 pm
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Nabors Industries is expected to report an EPS of $-1.73. The company has a history of missing EPS estimates, but stock price reactions have been mixed. Analysts have a Neutral rating with a price target indicating potential upside. The company faces challenges with negative revenue growth, low net margins, and high debt levels.
The upcoming earnings report is crucial for Nabors Industries, with analysts expecting a negative EPS. The company's history of missing estimates and its financial challenges, such as negative revenue growth and high debt, are significant factors. However, the stock has shown mixed reactions to past earnings misses, and the Neutral analyst rating with a potential upside suggests a balanced outlook.
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