Nabors Industries Ltd. (NYSE:NBR) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, NBR to report 3Q20 loss of $ 24.2 per share.
For the full year, analysts anticipate top line of $ 2142.63 million, while looking forward to loss of $ 90.33 per share bottom line.
Previous Quarter Performance
Nabors Industries Ltd. disclosed loss for the second quarter of $ 14.45 per share, from the revenue of $ 533.93 million. The quarterly revenues fell 30.79 percent compared with the same quarter last year. The consensus estimates are loss of $ 24.65 per share from $ 536.90 million in revenue. The bottom line results beat street analysts by $ 10.2 or 41.38 percent, at the same time, top line results fell short of analysts by $ 2.97 million or 0.55 percent.
Stock Performance
Shares of Nabors Industries Ltd. traded low $ -3.03 or -10.36 percent on Wednesday, reaching $ 26.21 with volume of 399.40 thousand shares. Nabors Industries Ltd. has traded high as $ 28.26 and has cracked $ 26.10 on the downward trend
According to the previous trading day, closing price of $ 26.21, representing a 198.67 % increase from the 52 week low of $ 9.79 and a 82.54 % decrease over the 52 week high of $ 167.50.
The company has a market capital of $ 193.78 million and is part of the Energy sector and Oil & Gas Drilling industry.
Conference Call
Nabors Industries Ltd. will be hosting a conference call at 2:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nabors.com
Nabors Industries Ltd. provides drilling and drilling-related services and technologies for land-based and offshore oil and natural gas wells. It operates through five segments: U.S.
