After falling below Wall Street expectations last quarter, Nabors (NYSE:NBR) will report its latest results on Tuesday.
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Analysts currently expect Nabors to come in with earnings of 39 cents per share on revenues of $1.74 billion. Analyst estimates range from 36 cents per share to 47 cents per share. Over the past three months, the average estimate has moved down from 47 cents.
Recently, the stock price has been rising Since July 12, 2012 business days the stock has risen $1.45 per share.
Company Fundamental Trends
Analysts are bullish on the stock as 11 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
Last Quarter's Results
In the first quarter, profit rose 61.9% to $134.1 million (46 cents a share) from $82.8 million (28 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 30.7% to $1.84 billion from $1.41 billion.
Reporting Period: 2Q
Date of Release: Tuesday, July 24, 2012
EPS: 39 cents
Revenue Estimate: $1.74 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)