Yahoo Finance Nabors Industries First Quarter 2024 Earnings: EPS Misses Expectations
Nabors Industries (NYSE:NBR) First Quarter 2024 Results
Key Financial Results
Revenue: US$733.7m (down 5.8% from 1Q 2023).
Net loss: US$41.6m (down by 204% from US$40.2m profit in 1Q 2023).
US$4.54 loss per share (down from US$4.39 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nabors Industries EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 150%.
Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Energy Services industry in the US.
Performance of the American Energy Services industry.
The company's shares are down 4.4% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Nabors Industries' balance sheet health.
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