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Compared to Estimates, Nabors (NBR) Q4 Earnings: A Look at Key Metrics
NBRNabors(NBR) ZACKS·2025-02-13 02:31

Core Insights - Nabors Industries (NBR) reported revenue of 729.82millionforQ42024,reflectingayear−over−yeardeclineof1.1729.82 million for Q4 2024, reflecting a year-over-year decline of 1.1% and an EPS of -6.67 compared to -3.84ayearago,indicatingasignificantdeteriorationinearningsperformance[1]−TherevenuefellshortoftheZacksConsensusEstimateof3.84 a year ago, indicating a significant deterioration in earnings performance [1] - The revenue fell short of the Zacks Consensus Estimate of 730.4 million by 0.08%, while the EPS was significantly below the consensus estimate of -1.86,resultinginanEPSsurpriseof−258.601.86, resulting in an EPS surprise of -258.60% [1] Financial Performance Metrics - Daily Rig Revenue for International Drilling was reported at 47.62 million, exceeding the three-analyst average estimate of 47.04million[4]−DailyAdjustedGrossMarginforInternationalDrillingwas47.04 million [4] - Daily Adjusted Gross Margin for International Drilling was 16.69 million, slightly below the three-analyst average estimate of 16.94million[4]−AverageRigsWorkinginInternationalDrillingwas85,surpassingthethree−analystaverageestimateof84,whileU.S.Drillinghad73rigsworking,comparedtotheaverageestimateof72[4]−DailyRigRevenueforU.S.Drillingwas16.94 million [4] - Average Rigs Working in International Drilling was 85, surpassing the three-analyst average estimate of 84, while U.S. Drilling had 73 rigs working, compared to the average estimate of 72 [4] - Daily Rig Revenue for U.S. Drilling was 36.14 million, lower than the estimated 37.52million[4]−OperatingRevenuesforU.S.Drillingwere37.52 million [4] - Operating Revenues for U.S. Drilling were 241.64 million, which is a 9.1% decline compared to the year-ago quarter and below the average estimate of 256.58million[4]−OperatingRevenuesforInternationalDrillingwere256.58 million [4] - Operating Revenues for International Drilling were 371.41 million, exceeding the average estimate of 362.82millionandrepresentingan8.4362.82 million and representing an 8.4% year-over-year increase [4] - Operating Revenues for Drilling Solutions were 75.99 million, slightly below the average estimate of 77.63million,markinga1.377.63 million, marking a 1.3% decline year-over-year [4] - Operating Revenues for Rig Technologies were 56.17 million, compared to the average estimate of 49.04million,indicatinga5.349.04 million, indicating a 5.3% year-over-year decrease [4] - Investment income (loss) was reported at 8.83 million, below the average estimate of $9.18 million, reflecting a 26.7% decline compared to the year-ago quarter [4] Stock Performance - Nabors' shares have returned -13% over the past month, contrasting with the Zacks S&P 500 composite's +4.3% change, indicating underperformance relative to the broader market [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential continued underperformance in the near term [3]