Nabors Industries Ltd. (NYSE:NBR) is expected to report third quarter earnings results, after market close, on Tuesday 3rd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 24.2 per share.
Looking ahead, the full year loss are expected at $ 90.33 per share on the revenues of $ 2142.63 million.
Previous Quarter Performance
Nabors Industries Ltd. outlined loss for the second quarter of $ 14.45 per share, from the revenue of $ 533.93 million. The quarterly revenues down 30.79 percent compared with the same quarter last year. Street analysts expected Nabors Industries Ltd. to report loss of $ 24.65 per share on revenue of $ 536.90 million for the second quarter. 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 up $ 1.70 or 5.98 percent on Monday, reaching $ 30.12 with volume of 526.30 thousand shares. Nabors Industries Ltd. has traded high as $ 30.45 and has cracked $ 26.00 on the downward trend
The closing price of $ 30.12, representing a 190.30 % increase from the 52 week low of $ 9.79 and a 83.03 % decrease over the 52 week high of $ 167.50.
The company has a market capital of $ 222.68 million and is part of the Energy sector and Oil & Gas Drilling industry.
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.
