Nabors Industries Q3 2024 GAAP EPS $(6.86) Misses $(2.33) Estimate, Sales $743.308M Miss $751.005M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nabors Industries reported a Q3 2024 GAAP EPS of $(6.86), significantly missing the analyst estimate of $(2.33). Sales were $743.308M, slightly below the $751.005M estimate, marking a 0.11% decrease from the previous year.
October 22, 2024 | 8:17 pm
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Nabors Industries reported a significant earnings miss for Q3 2024, with EPS at $(6.86) compared to the expected $(2.33). Sales also fell short of expectations, coming in at $743.308M versus the $751.005M estimate.
The significant miss on EPS and slight miss on sales are likely to negatively impact Nabors Industries' stock price in the short term. The earnings miss was substantial, indicating potential operational or market challenges.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100