Nabors Industries (NBR) Reports Q4 Loss, Misses Revenue Estimates

Financial Performance - Nabors Industries reported a quarterly loss of $6.67 per share, significantly worse than the Zacks Consensus Estimate of a loss of $1.86, and compared to a loss of $3.84 per share a year ago, indicating an earnings surprise of -258.60% [1] - The company posted revenues of $729.82 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.08%, and down from $737.84 million in the same quarter last year [2] - Over the last four quarters, Nabors has not surpassed consensus EPS estimates and has topped revenue estimates only once [2] Stock Performance and Outlook - Nabors shares have declined approximately 3% since the beginning of the year, while the S&P 500 has gained 3.2% [3] - The current consensus EPS estimate for the upcoming quarter is -$1.80 on revenues of $731.86 million, and for the current fiscal year, it is -$3.91 on revenues of $3.05 billion [7] Industry Context - The Oil and Gas - Drilling industry, to which Nabors belongs, is currently ranked in the bottom 26% of over 250 Zacks industries, suggesting a challenging environment for the company [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Nabors' stock performance [5]