Core Insights - Nabors Industries Ltd. (NYSE:NBR) experienced a significant share price increase of 14.82% from February 13 to February 20, 2026, marking it as one of the top-performing energy stocks during that week [1]. Financial Performance - The company reported strong Q4 2025 results on February 12, with an EPS of $0.17, surpassing expectations by $1.13. Revenue for the quarter grew by 9.3% year-over-year to approximately $797.5 million, exceeding estimates by over $1.7 million [3]. - For the full year 2025, Nabors Industries achieved a revenue of $3.2 billion, reflecting an 8.7% year-over-year increase, primarily driven by the acquisition of Parker and robust international expansion. The adjusted EBITDA for the year was reported at $913 million, an increase of $31 million from the previous year [3]. Cash Flow and Debt Management - In Q4, the company generated an adjusted free cash flow of $132 million, a significant rise from $6 million in Q3. Additionally, Nabors reduced its outstanding net debt by approximately $554 million since the end of 2024, with total debt at its lowest level since 2005 [4]. Analyst Ratings and Price Targets - Following the positive Q4 results, Piper Sandler raised its price target for Nabors Industries from $65 to $80 while maintaining an 'Overweight' rating. Analysts from Susquehanna and RBC Capital also increased their price targets for NBR earlier on February 13 [5].

Operations and Fleet - As of December 31, 2025, Nabors' average rigs working in the U.S. drilling segment was 69.9, down from 86.3 in 2023, while international drilling average rigs increased to 88.4 from 77.6 in 2023, resulting in a total of 158.3 average rigs working[19]. - Nabors operates a fleet of 121 land rigs and 13 offshore platform rigs in the U.S. as of December 31, 2025, with a total of 242 actively marketed rigs for land-based drilling operations[21][22]. - The company introduced the PACE®-X Ultra rig in 2025, which is designed to be the most powerful rig in the Lower 48 drilling industry, enabling operators to drill longer and more challenging wells[23]. - Nabors' Drilling Solutions segment offers managed pressure drilling services and tubular running services, integrating these into rigs to improve efficiencies and reduce costs[28]. Financial Performance - Approximately 30% of Nabors' consolidated operating revenues in 2025 came from Saudi Aramco, highlighting the importance of this customer to the company's financial performance[39]. - The company derived 32% of its operating revenue from joint ventures in 2025, indicating a significant reliance on these partnerships for financial performance[110]. - The company recognized impairment charges of $26.5 million related to tangible assets and equipment in 2025[116]. - The company recorded impairments of $7.5 million and $15.4 million for its investment in Vast Renewables Limited for the years ended December 31, 2025 and 2024, respectively[118]. - As of December 31, 2025, the company's consolidated total outstanding indebtedness was $2.5 billion[120]. - The company is required to maintain an interest coverage ratio of no less than 2.75:1.00 under its 2024 Credit Agreement[119]. - The Federal Reserve raised interest rates by a total of 450 basis points from March 2022 through early 2024, impacting the company's operating costs[122]. - The company faces risks related to the volatility in prices of goods and services and interest rates, which could affect its margins in 2026[121]. Workforce and Human Capital - Nabors employed approximately 13,900 employees worldwide as of December 31, 2025, an increase from 12,400 in 2024, with 9,800 employees located outside the U.S.[40]. - The company has implemented a cloud-based Human Capital Management system across approximately 25 countries to support workforce planning and operational processes[42]. - The company faces challenges in attracting and retaining key executives and experienced technical professionals, which could harm future competitiveness and financial performance[191]. Market Conditions and Competition - The competitive landscape in the drilling services market is characterized by excess capacity, leading to significant price competition due to the oversupply of rigs and drilling-related equipment[56]. - The drilling services market is expected to remain highly competitive, with significant competitors including Helmerich & Payne Inc. and Patterson-UTI Energy Inc.[60][61]. - The company operates in a highly competitive industry with excess drilling capacity, which may negatively impact market share and financial results[87]. - The company continuously reviews strategic opportunities, including acquisitions and divestitures, to enhance its market position[63]. Risks and Challenges - Nabors' operations are influenced by the volatility of oil and natural gas prices, which can significantly affect demand for its services and overall financial performance[55]. - The company faces risks from fluctuations in oil and natural gas prices, which could adversely affect drilling activity, revenues, and profitability[75]. - The company may face increased risks of contract renegotiation or termination by customers during periods of depressed market conditions, which could adversely affect financial performance[94]. - The company’s operations are subject to various inherent risks, including weather-related risks and operational hazards, which could lead to significant financial losses[91]. - The company’s reliance on third-party suppliers exposes it to volatility in the quality, price, and availability of equipment, which could disrupt operations and increase costs[104]. - The company anticipates facing upward pressure on insurance premiums and deductibles, which could adversely affect liquidity and financial condition[92]. - The company may experience adverse effects from geopolitical risks, including conflicts and sanctions, which could impact operations and financial results[98]. - The company’s contracts with state-owned energy companies may expose it to greater risks, including potential environmental liabilities and contract termination without compensation[106]. Sustainability and Innovation - The company emphasizes sustainability as a core part of its corporate culture, linking success to the implementation of sustainable practices and technological innovations[67]. - The company has invested in technologies aimed at energy efficiency and emissions reductions, including real-time emissions monitoring and hydrogen technologies[69]. - Nabors invests in research and development to create new products and services, with a focus on innovative solutions and technologies[53]. - The company holds a significant number of patents related to its business and plans to continue filing patent applications to protect its innovations[54]. Cybersecurity - The company has a comprehensive cybersecurity program overseen by the Board of Directors, focusing on risk management and incident response[197]. - The cybersecurity strategy includes mandatory employee training, technical security controls, and regular assessments of third-party service providers[199]. - The company maintains insurance coverage for cybersecurity risks, but there is no assurance that it will be sufficient to cover potential losses from cyberattacks[142]. - The company has not experienced material cybersecurity threats that have adversely affected its business strategy or financial condition[204]. Regulatory and Compliance - Legal and regulatory risks associated with international operations include compliance with anti-corruption laws and potential penalties for non-compliance, which could adversely affect reputation and financial position[143][144]. - Environmental regulations may lead to increased operating costs and could negatively impact the company's results of operations if compliance costs rise or if production is curtailed[150]. - The company is subject to evolving laws regarding data privacy and security, with potential liabilities for non-compliance, including fines and penalties[159]. - Changes in sanctions or export controls, particularly related to geopolitical tensions, may require the company to limit business activities and incur compliance costs[161][162]. - The company is committed to compliance with applicable sanctions and has implemented policies to promote adherence, but effectiveness cannot be guaranteed[163]. Shareholder Information - The company has 32,000,000 authorized common shares, with 15,834,469 shares outstanding as of February 6, 2026, including shares reserved for stock options and employee benefit plans[174]. - The company's common shares are publicly traded on the NYSE under the symbol "NBR," with a closing price of $69.78 on February 6, 2026[212]. - The company has approximately 1,455 shareholders of record as of February 6, 2026[213]. - Future dividends will be at the discretion of the Board, depending on earnings, financial condition, and business conditions[214]. Taxation - The Company recorded a deferred tax asset of $206.9 million for Bermuda net operating losses generated from 2020 through 2024, with an offsetting valuation allowance of $206.9 million[171]. - As of December 31, 2025, the Company reported consolidated U.S. federal net operating loss carryforwards of approximately $355.4 million, with legacy Nabors' NOL carryforwards of $213.7 million subject to Section 382 limitations[172]. - The Organization for Economic Co-operation and Development (OECD) introduced BEPS Pillar 2 rules imposing a global minimum tax rate of 15%, which did not materially impact the Company's consolidated financial statements for the year ended December 31, 2025[167]. - The Inflation Reduction Act includes a 15% corporate minimum tax rate for certain large corporations, but the Company does not expect it to have a material impact[168]. - The One Big Beautiful Bill Act includes provisions that may affect the Company's effective tax rate, but it is not expected to have a material impact[169]. - Changes in tax laws and regulations could materially affect the Company's results of operations, particularly in jurisdictions where it operates[166].

Core Insights - Nabors Industries Ltd. (NBR) reported a fourth-quarter 2025 adjusted profit of 17 cents per share, significantly surpassing the Zacks Consensus Estimate of a loss of $2.93 and improving from a loss of $6.67 per share in the prior-year quarter [1][8] - The company's operating revenues reached $797.5 million, exceeding the Zacks Consensus Estimate of $797 million and up from $729.8 million in the year-ago quarter, driven by stronger contributions from the International Drilling and Drilling Solutions segments [2] Financial Performance - Adjusted EBITDA for the quarter increased to $221.6 million from $220.5 million a year ago, surpassing the model estimate of $211 million [2] - U.S. Drilling generated operating revenues of $240.6 million, slightly down from $241.6 million in the prior-year quarter but above the estimated $225.4 million [3] - International Drilling's operating revenues rose to $423.8 million from $371.4 million a year ago, beating the estimate of $411.4 million [3] - The Drilling Solutions segment reported revenues of $107.9 million, a 42% increase from $76 million in the prior-year quarter, although it missed the estimate of $138.5 million [4] Cost and Debt Management - Total costs and expenses increased to $780.7 million from $756.3 million in the year-ago quarter, but were lower than the predicted $820 million [6] - Long-term debt stood at approximately $2.1 billion, with a debt-to-capitalization ratio of 78.2% [7] Future Guidance - For Q1 2026, NBR anticipates a U.S. Drilling average rig count of 64 to 65 rigs and a daily adjusted gross margin of about $13,200 [9] - The company expects the average rig count for its International operations to be around 91-92 rigs, with a daily adjusted gross margin of approximately $17,500-$17,600 [10] - Capital expenditures for Q1 2026 are projected to be between $170 million and $180 million, with $85 million allocated for new builds in Saudi Arabia [11] - For the full year of 2026, NBR expects U.S. Drilling operations to have an average rig count of 61 to 64 rigs and adjusted free cash flow to be around $80-$90 million, excluding SANAD [14]

Core Insights - Nabors Industries reported fourth-quarter 2025 adjusted EBITDA of $222 million, representing a 27.8% margin, which is a decline of 110 basis points sequentially, primarily due to the divestiture of Quail Tools [1][4][6] - Consolidated fourth-quarter revenue was $798 million, down 2.5% sequentially, with the sale of Quail Tools reducing revenue by $34 million, although international drilling growth partially offset this decline [2][4] - The company expects to maintain reported EBITDA levels in 2026 similar to 2025, while achieving 6% to 8% normalized growth excluding Quail [5][24] Financial Performance - Adjusted EBITDA for Q4 was $222 million, exceeding prior expectations due to stronger U.S. drilling performance and higher results from Nabors Drilling Solutions [4][6] - Full-year 2025 revenue reached $3.2 billion, an increase of 8.7% year-over-year, with adjusted EBITDA of $913 million, up $31 million from the previous year [21] - Fourth-quarter adjusted free cash flow was $132 million, surpassing revised guidance, attributed to stronger EBITDA and improved working capital [21] Segment Performance - International drilling revenue rose to $424 million, up 4.1% sequentially, with segment EBITDA increasing to $131 million, although results were modestly below prior guidance [7] - U.S. drilling revenue fell 3.7% sequentially to $241 million, with segment EBITDA at $93 million, driven by a stronger Lower 48 performance [8][10] - Nabors Drilling Solutions generated $108 million in revenue and $41 million in EBITDA, with normalized revenue slightly rising and EBITDA increasing 2.3% sequentially [10] Operational Updates - The average rig count in the international segment increased to 93.3, exceeding expectations, while the U.S. average rig count rose to 59.8 [8][12] - The company added four rigs in December, with an exit rig count of 62, later increasing to 66, primarily for public operators [12][13] - In Saudi Arabia, SANAD deployed its 14th new-build rig, with plans for five more in 2026 [16] Balance Sheet and Guidance - Nabors reduced net debt by approximately $554 million, achieving a net leverage ratio of about 1.7x, the lowest since 2008 [5][25] - For 2026, the company guided total capital expenditures of $730 million to $760 million, including significant investments in SANAD [22] - Management expects to reduce gross debt by at least $100 million during 2026 [24]

Financial Data and Key Metrics Changes - Full year 2025 revenue was $3.2 billion, reflecting an 8.7% year-over-year growth, primarily driven by the acquisition of Parker and strong international expansion [20] - Adjusted EBITDA for the full year was $913 million, an increase of $31 million compared to the prior year [20] - Fourth quarter adjusted EBITDA totaled $222 million, exceeding previous expectations, with an EBITDA margin of 27.8%, down 110 basis points sequentially [21][22] Business Line Data and Key Metrics Changes - International drilling revenue was $424 million, a sequential growth of 4.1%, with EBITDA for the segment increasing to $131 million [22][23] - U.S. drilling revenue for the fourth quarter was $241 million, reflecting a 3.7% sequential decline, while EBITDA totaled $93 million, a decrease of 1% [24][25] - The drilling solutions segment generated revenue of $108 million in the fourth quarter, with EBITDA of $41 million, resulting in an EBITDA margin of 38.3% [28] Market Data and Key Metrics Changes - The average daily rig count in the Lower 48 increased to 62 rigs by the end of the fourth quarter, with a current count of 66 rigs [10][26] - The gas-directed industry rig count in the Lower 48 increased by over 20% in 2025, with Nabors' gas rig count increasing by 50% [10] - International drilling average rig count increased to 93.3 rigs, exceeding expectations by 2.3 rigs [23] Company Strategy and Development Direction - The company aims to focus on performance excellence in the Lower 48 rig market and expand in the international drilling market, leveraging multi-year contracts and innovative technology [6][7] - The integration of Parker Wellbore is progressing well, with expectations to generate at least $70 million in adjusted EBITDA from retained Parker businesses in 2026 [36] - The company is committed to reducing debt, having reduced net debt by over $554 million, the lowest level since 2005 [18][44] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the second half of 2026 due to market uncertainties, but remains confident in customer momentum and operational performance [51][53] - The outlook for natural gas remains positive, with expectations for increased LNG exports and domestic consumption [9] - Management highlighted the potential for increased oil activity in Venezuela and ongoing expansion plans in the Middle East and North Africa [10][46] Other Important Information - The company generated adjusted free cash flow of $132 million in the fourth quarter, significantly exceeding the revised guidance of approximately $80 million [39] - Capital expenditures for the fourth quarter were $158 million, lower than previous guidance, with expectations for 2026 capital expenditures to be in the range of $730 million to $760 million [37][38] Q&A Session Summary Question: Lower 48 outlook and rig count increase - Management noted that the rig count is currently at 66, with a shift towards public operators and an increase in gas rig count, indicating favorable operator economics [49][50] Question: Confidence in Saudi Arabia's rig activation timelines - Management expressed confidence in the activation of suspended rigs and new builds in Saudi Arabia, with a positive outlook for the market driven by Aramco's actions [60][62] Question: Upstream spending in Mexico and additional rigs - Management confirmed ongoing discussions for additional rigs in Mexico, focusing on making current rigs profitable before expanding further [66]

Financial Data and Key Metrics Changes - For the full year 2025, revenue was $3.2 billion, reflecting an 8.7% year-over-year growth, primarily driven by the acquisition of Parker and strong international expansion [20] - Adjusted EBITDA for the full year was $913 million, an increase of $31 million compared to the prior year [20] - In the fourth quarter, consolidated revenue was $798 million, a decrease of $21 million or 2.5% sequentially, impacted by the divestiture of Quail Tools [20][21] - Adjusted EBITDA for the fourth quarter totaled $222 million, representing an EBITDA margin of 27.8%, down 110 basis points sequentially [21] Business Line Data and Key Metrics Changes - International drilling revenue was $424 million, a growth of $17 million or 4.1% sequentially, with EBITDA for the segment increasing to $131 million [22] - U.S. drilling revenue for the fourth quarter was $241 million, reflecting a 3.7% sequential decline, while EBITDA totaled $93 million, a decrease of 1% [24][25] - The Drilling Solutions segment generated revenue of $108 million in the fourth quarter, with EBITDA of $41 million, resulting in an EBITDA margin of 38.3% [28] Market Data and Key Metrics Changes - The average daily rig margin in international drilling was $17,630, a decrease of $301 sequentially, primarily due to activity disruptions in Colombia and maintenance days in Saudi Arabia [23] - In the Lower 48, the gas-directed industry rig count increased by over 20% in 2025, with Nabors' gas rig count increasing by 50% [10] - The Baker Hughes weekly Lower 48 land rig count decreased by three rigs from the end of September through December, indicating stability in the market [13] Company Strategy and Development Direction - The company aims to focus on performance excellence in the Lower 48 rig market and expand in the international drilling market, leveraging multi-year contracts and innovative technology [6][7] - The integration of Parker Wellbore is progressing well, with expectations to generate at least $70 million in Adjusted EBITDA in 2026 from retained Parker businesses [36] - The company is committed to reducing debt, having reduced net debt by over $554 million, the lowest level since 2005, which is expected to enhance free cash flow [18][44] Management's Comments on Operating Environment and Future Outlook - The management expressed caution regarding the second half of 2026 due to external market uncertainties, including oil supply exceeding demand and geopolitical tensions [8][81] - The outlook for 2026 envisions EBITDA performance matching last year's, with expected increases in several operations offsetting the impact of the Quail divestiture [18] - The company remains optimistic about the long-term picture for gas and is well-positioned to capitalize on market opportunities [51] Other Important Information - The company generated adjusted free cash flow of $132 million in the fourth quarter, significantly exceeding the revised guidance of approximately $80 million [39] - Capital expenditures for the fourth quarter were $158 million, lower than previous guidance, with expectations for 2026 capital expenditures to be in the range of $730 million to $760 million [37][38] Q&A Session Summary Question: Lower 48 outlook and increasing rig count drivers - The company is currently running 66 rigs, with a shift towards public operators and an increase in gas rig count to 20% [49] - The trend towards longer laterals is significant, with a notable increase in three- and four-mile laterals, positioning the company well in the market [50] Question: Updates on Saudi Arabia operations - The company is confident in the timelines for reactivating suspended rigs and deploying new builds, with a positive outlook for the labor market [60][62] Question: Activity in Mexico and additional rigs - The company is focused on making existing rigs profitable and is optimistic about the market's improvement and payment mechanisms [66] Question: Capital expenditures and SANAD program - The SANAD new build program is expected to have a capital expenditure of around $360 million to $380 million for 2026, with adjustments made for previous delays [67][68]

Financial Data and Key Metrics Changes - Full year 2025 revenue was $3.2 billion, reflecting growth of 8.7% year-over-year, driven primarily by the acquisition of Parker and strong international expansion [21] - Adjusted EBITDA for the full year was $913 million, $31 million higher than the prior year [21] - Fourth quarter consolidated revenue was $798 million, a decrease of $21 million or 2.5% sequentially, primarily due to the divestiture of Quail Tools [21][22] - Adjusted EBITDA for the fourth quarter totaled $222 million, representing an EBITDA margin of 27.8%, down 110 basis points sequentially [22] Business Line Data and Key Metrics Changes - International drilling revenue was $424 million, growth of $17 million or 4.1% sequentially, with EBITDA for the segment increasing to $131 million [23][24] - U.S. drilling revenue for the fourth quarter was $241 million, reflecting a 3.7% sequential decline, while EBITDA totaled $93 million, a decrease of 1% [25] - The drilling solutions segment generated revenue of $108 million in the fourth quarter, with EBITDA of $41 million, resulting in an EBITDA margin of 38.3% [28] Market Data and Key Metrics Changes - The average daily rig margin for international drilling was $17,630, which decreased sequentially by $301 [24] - The gas-directed industry rig count in the Lower 48 increased by more than 20% in 2025, with Nabors' gas rig count increasing by 50% [10] - The average rig count in international drilling increased by 4 rigs to 93.3, exceeding expectations [24] Company Strategy and Development Direction - The company aims to focus on performance excellence in the Lower 48 rig market and expand in the international drilling market [6][7] - The commitment to innovative technology and multi-year contracts is expected to enhance operational efficiencies and capabilities [7] - The integration of Parker Wellbore is progressing well, with expectations to generate at least $70 million of EBITDA in 2026 from retained Parker businesses [36] Management's Comments on Operating Environment and Future Outlook - Management noted that oil prices were in a downward trend in the second half of 2025, but recent events could lead to price increases [8] - The outlook for natural gas remains positive, with expectations for increased LNG exports and domestic consumption [10] - Management expressed confidence in the company's ability to maintain momentum despite market uncertainties, particularly in the Lower 48 [51] Other Important Information - The company reduced net debt by $554 million, significantly de-risking its capital structure and reducing annualized cash interest expense by approximately $45 million [5] - Adjusted free cash flow for the fourth quarter was $132 million, driving full-year adjusted free cash flow to approximately $117 million [39] - The company expects to generate free cash flow outside SANAD and is committed to further debt reduction [18] Q&A Session Summary Question: Lower 48 outlook and rig count increase - Management indicated that the rig count is currently at 66, with a focus on public operators and longer laterals, which are well-suited for Nabors' PACE-X rigs [48][50] Question: Updates on Saudi Arabia operations - Management expressed confidence in the timelines for reactivating rigs and new builds in Saudi Arabia, noting a positive signal from Aramco's actions [58][60] Question: Activity in Mexico and additional rigs - Management confirmed discussions about additional rigs in Mexico, focusing on making existing rigs profitable first [65] Question: Capital expenditures and SANAD program - Management clarified that the expected capital expenditures for SANAD new builds would be around $360 million to $380 million for 2026, with a focus on maintaining cash flow [66][67]

4Q 2025 Earnings Presentation We often discuss expectations regarding our future markets, demand for our products and services, and our performance in our annual, quarterly, and current reports, press releases, and other written and oral statements. Such statements, including statements in this document that relate to matters that are not historical facts, are "forward-looking statements" within the meaning of the safe harbor provisions of Section 27A of the U.S. Securities Act of 1933 and Section 21E of th ...

Core Insights - Nabors Industries reported revenue of $797.53 million for Q4 2025, marking a year-over-year increase of 9.3% and exceeding the Zacks Consensus Estimate of $796.62 million by 0.11% [1] - The company achieved an EPS of $0.17, a significant improvement from a loss of $6.67 in the same quarter last year, resulting in an EPS surprise of 105.81% compared to the consensus estimate of -$2.93 [1] Financial Performance Metrics - Daily Rig Revenue for International Drilling was reported at $49.39 million, slightly below the average estimate of $49.41 million [4] - Daily Adjusted Gross Margin for International Drilling was $17.63 million, compared to the average estimate of $18.17 million [4] - Average Rigs Working in International Drilling was 93, exceeding the average estimate of 91 [4] - Average Rigs Working in U.S. Drilling was 70, slightly above the estimated 69 [4] - Daily Rig Revenue for U.S. Drilling was $37.58 million, below the estimated $38.23 million [4] - Operating Revenues for U.S. Drilling were $240.62 million, compared to the estimated $247.62 million, reflecting a year-over-year decrease of 0.4% [4] - Operating Revenues for International Drilling reached $423.84 million, surpassing the average estimate of $415.23 million, with a year-over-year increase of 14.1% [4] - Operating Revenues for Drilling Solutions were $107.88 million, below the estimated $112.87 million, but showing a year-over-year increase of 42% [4] - Operating Revenues from Other reconciling items were reported at -$12.56 million, better than the estimated -$15.67 million, representing an 18.3% year-over-year change [4] - Operating Revenues for Rig Technologies were $37.75 million, exceeding the average estimate of $36.66 million, but reflecting a year-over-year decline of 32.8% [4] - Investment income was reported at $7.6 million, above the average estimate of $5.19 million, with a year-over-year decrease of 13.9% [4] Stock Performance - Nabors' shares have returned 9.9% over the past month, contrasting with a -0.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

分组1 - Nabors Industries reported quarterly earnings of $0.17 per share, significantly beating the Zacks Consensus Estimate of a loss of $2.93 per share, and showing improvement from a loss of $6.67 per share a year ago, resulting in an earnings surprise of +105.81% [1] - The company posted revenues of $797.53 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.11%, and showing an increase from year-ago revenues of $729.82 million [2] - Nabors shares have increased approximately 25.9% since the beginning of the year, outperforming the S&P 500's gain of 1.4% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is -$2.57 on revenues of $784.7 million, and for the current fiscal year, it is -$8.08 on revenues of $3.23 billion [7] - The Zacks Industry Rank for Oil and Gas - Drilling is currently in the top 30% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8] - The estimate revisions trend for Nabors was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]