Nabors Industries Ltd reports results for the quarter ended March 31 - Earnings Summary

• Nabors Industries Ltd NBR.N reported quarterly adjusted earnings of $2.18​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-4.54. The mean expectation of eight analysts for the quarter was for a loss of $3.03 per share. Wall Street expected results to range from $-4.10 to 6 cents per share.

• Revenue fell 0.2% to $742.78 million from a year ago; analysts expected $719.45 million.

• Nabors Industries Ltd's reported EPS for the quarter was $2.18​.

• The company reported quarterly net income of $32.99 million.

• Nabors Industries Ltd shares had fallen by 29.5% this quarter and lost 48.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 80.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil & gas drilling peer group is also "hold"

• Wall Street's median 12-month price target for Nabors Industries Ltd is $50.00

This summary was machine generated from LSEG data April 29 at 09:41 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)