In This Article:
Nabors Industries (NYSE:NBR) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$743.0m (down 3.1% from 2Q 2023).
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Net loss: US$32.3m (loss widened by 280% from 2Q 2023).
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US$3.50 loss per share (further deteriorated from US$0.92 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nabors Industries EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Energy Services industry in the US.
Performance of the American Energy Services industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Nabors Industries' balance sheet.
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