Nabors Set to Announce Q1 Earnings Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy NBR?
Source: seekingalpha
- Earnings Announcement Date: Nabors (NBR) is scheduled to release its Q1 2023 earnings report on April 28th after market close, with a consensus EPS estimate of -$2.03, reflecting a significant 44.7% year-over-year decline, indicating potential profitability challenges.
- Revenue Expectations: The revenue estimate stands at $773.34 million, representing a 6.3% year-over-year decrease, which highlights the company's struggles in the current market environment and may impact its future investment appeal.
- Historical Performance Review: Over the past year, Nabors has only beaten EPS estimates 25% of the time and revenue estimates 50% of the time, indicating considerable performance volatility that investors should carefully assess regarding the company's financial health.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and two downward revisions, while revenue estimates have experienced two upward and two downward revisions, reflecting market uncertainty regarding Nabors' future performance.
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Analyst Views on NBR
Wall Street analysts forecast NBR stock price to fall
6 Analyst Rating
2 Buy
3 Hold
1 Sell
Hold
Current: 89.890
Low
50.00
Averages
61.67
High
66.00
Current: 89.890
Low
50.00
Averages
61.67
High
66.00
About NBR
Nabors Industries Ltd. is a provider of advanced technology for the energy industry. The Company operates in over 20 countries and provides drilling and drilling-related services for land-based and offshore oil and natural gas wells, with a fleet of rigs and drilling-related equipment. Its segments include U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. Its RigCLOUD platform is an edge computing system designed to support workflow management, performance monitoring, and user-specific configurations. Its fleet includes over 284 actively marketed rigs for land-based drilling operations in the United States and various countries throughout the world and 26 actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. It provides performance tools, directional drilling services, tubular running services, and technologies for use on its own rig fleet and rigs operated by third parties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Nabors Set to Announce Q1 Earnings Results
- Earnings Announcement Date: Nabors (NBR) is scheduled to release its Q1 2023 earnings report on April 28th after market close, with a consensus EPS estimate of -$2.03, reflecting a significant 44.7% year-over-year decline, indicating potential profitability challenges.
- Revenue Expectations: The revenue estimate stands at $773.34 million, representing a 6.3% year-over-year decrease, which highlights the company's struggles in the current market environment and may impact its future investment appeal.
- Historical Performance Review: Over the past year, Nabors has only beaten EPS estimates 25% of the time and revenue estimates 50% of the time, indicating considerable performance volatility that investors should carefully assess regarding the company's financial health.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and two downward revisions, while revenue estimates have experienced two upward and two downward revisions, reflecting market uncertainty regarding Nabors' future performance.
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Nabors Set to Announce Q1 Earnings Results
- Earnings Announcement Date: Nabors (NBR) is scheduled to release its Q1 2023 earnings report on April 28th after market close, with a consensus EPS estimate of -$2.03, reflecting a significant 44.7% year-over-year decline, indicating potential profitability challenges.
- Revenue Expectations: The revenue estimate stands at $773.34 million, representing a 6.3% year-over-year decrease, which highlights the company's struggles in the current market environment and may impact its future investment appeal.
- Historical Performance Review: Over the past year, Nabors has only beaten EPS estimates 25% of the time and revenue estimates 50% of the time, indicating considerable performance volatility that investors should carefully assess regarding the company's financial health.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and two downward revisions, while revenue estimates have experienced two upward and two downward revisions, reflecting market uncertainty regarding Nabors' future performance.
See More
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- Significant Oil Price Drop: Brent crude prices fell over 10% to below $90 a barrel, driven by a 10-day ceasefire between Israel and Lebanon and optimism regarding potential U.S.-Iran negotiations, which eased market fears about supply disruptions and led to lower prices.
- Oilfield Services Sector Impacted: The decline in oil prices typically forces exploration and production companies to cut capital expenditures, resulting in canceled contracts for drilling rigs and completion crews, leaving service providers with idle equipment and a rapidly shrinking backlog, negatively affecting short-term profitability.
- ProFrac Stock Volatility: ProFrac (NASDAQ:ACDC) shares dropped 4.6%, and despite experiencing over 67 significant price moves in the past year, the market's reaction indicates that while the news is impactful, it does not fundamentally alter perceptions of the company.
- Investment Opportunity Analysis: ProFrac has risen 47.2% year-to-date, yet at $5.95 per share, it remains 43.5% below its 52-week high of $10.53, suggesting cautious investor sentiment as those who invested $1,000 at the IPO in May 2022 would now see their investment worth only $328.27.
See More
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P/E Ratio Overview: The price-to-earnings (P/E) ratio is a key metric for evaluating a company's valuation, with the average P/E ratio for S&P 500 stocks around 27x. Stocks with a P/E below 12x may offer value, often found among smaller companies that attract less institutional investment.
Innoviva's Unique Business Model: Innoviva, a biotechnology company, operates with a three-part business model and has shown strong revenue growth. It is becoming less reliant on royalty revenue, which has decreased from 72% to 60%, indicating diversification in its income sources.
Wendy's Challenges and Opportunities: Wendy's is facing declining sales and earnings, attributed to reduced consumer dining out. However, it is controlling its operations by shutting underperforming restaurants and showing solid international growth, alongside a high dividend yield of over 8%.
Nabors Industries and Oil Market Trends: Nabors Industries, an oil and gas drilling services company, is experiencing gains due to rising oil prices. Analysts are optimistic about its potential, although the stock's price targets suggest limited upside, making it a speculative pick in the current market.
See More
Nabors (NBR) Q3 2025 Earnings Call Transcript
See More
Investment Opportunities and Risks in Small-Cap Stocks
- Funko's Dismal Outlook: With a market cap of $180.2 million, Funko's annual revenue growth of only 6.8% over the past five years indicates a loss of competitive ground, and dwindling cash reserves may lead to shareholder dilution.
- Nabors Industries' Declining Performance: Nabors, valued at $1.17 billion, has seen a 1.9% annual revenue decline over the last decade, with high extraction costs and a low gross margin of 39.1% constraining its ability to self-fund growth.
- Graham Corporation's Growth Potential: Graham, with a market cap of $899.7 million, boasts a 15% annual revenue growth over the last two years and an impressive 83.3% compounded annual EPS growth, indicating a significant increase in market share.
- Risks in Small-Cap Market: While the Russell 2000 index offers opportunities to uncover hidden investment gems, the higher volatility and economic downturn risks associated with small-cap stocks necessitate careful evaluation by investors.
See More
Analysts Upgrade Ratings for Apple and Coinbase Amid Market Volatility
- Apple Rating Upgrade: Analyst Juxtaposed Ideas upgraded Apple (AAPL) from Hold to Buy, noting that the recent stock selloff has improved its valuation, while the sticky iOS ecosystem and premium handset upgrade cycle provide a robust outlook.
- Coinbase Buy Rating: Danil Sereda issued his first Buy rating on Coinbase (COIN), citing the company's 'Everything Exchange' strategy and the launch of crypto-backed mortgages, which significantly expand its total addressable market and reduce dependence on cyclical crypto prices.
- Nabors Industries Downgrade: The Energy Realist downgraded Nabors Industries (NBR) from Bullish to Neutral due to increased geopolitical risks in the Middle East, warning that prolonged conflict could impact energy infrastructure and drilling operations, leading to a potential EPS hit.
- ConocoPhillips Rating Adjustment: Long Player downgraded ConocoPhillips (COP) to Neutral, highlighting the inability to assess asset damage in Qatar amid regional hostilities, making reliable valuation impossible and potentially leading to significant losses.
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