Compared to Estimates, Nabors (NBR) Q4 Earnings: A Look at Key Metrics

Core Insights - Nabors Industries (NBR) reported revenue of $729.82 million for Q4 2024, reflecting a year-over-year decline of 1.1% and an EPS of -$6.67 compared to -$3.84 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, 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 $47.04 million [4] - Daily Adjusted Gross Margin for International Drilling was $16.69 million, slightly below the three-analyst average estimate of $16.94 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 $37.52 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 $256.58 million [4] - Operating Revenues for International Drilling were $371.41 million, exceeding the average estimate of $362.82 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 $77.63 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 $49.04 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]