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A Pre-Earnings Analysis of Nabors Industries before Its 1Q17 Release

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Part 2
A Pre-Earnings Analysis of Nabors Industries before Its 1Q17 Release PART 2 OF 7

What Analysts Expect from Nabors Industries’s 1Q17 Earnings

Nabors Industries’s earnings

In 1Q17, analysts expect an adjusted loss of $0.35 per share for Nabors Industries (NBR). This means Wall Street analysts expect NBR’s adjusted loss to deteriorate 17% further in 1Q17 compared to the adjusted loss of $0.30 per share in 4Q16.

Lower onshore drilling activity in the US, lower daily rig margins, and low margins in its international operations due to slow rig count recovery can strain Nabors Industries’s 1Q17 earnings. NBR is expected to release its 1Q17 financial results on April 26, 2017.

What Analysts Expect from Nabors Industries’s 1Q17 Earnings

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From 4Q15 through 4Q16, NBR’s adjusted net loss per share deteriorated further. Compared to 3Q16, however, its 4Q16 adjusted earnings improved.

Nabors Industries’s earnings versus estimates

In 4Q16, Nabors Industries’s adjusted EPS beat analysts’ consensus EPS. Its average adjusted EPS exceeded its consensus EPS in the past 13 quarters, as noted in the chart above.

Nabors Industries comprises 0.01% of the iShares Russell 3000 ETF (IWV). The energy sector makes up 6.0% of IWV, which tracks the Russell 3000 Index (RUA-INDEX). The Russell 3000 Index increased 12% in the past year.

Analysts’ estimates for NBR’s peers

Among NBR’s peers, analysts expect Helmerich & Payne’s (HP) 1Q17 adjusted earnings to improve marginally compared to its adjusted 4Q16 earnings. Weatherford’s (WFT) 1Q17 adjusted earnings are expected to improve to -$0.30 compared to -$0.32 in 4Q16.

Analysts expect Oil States International’s (OIS) 1Q17 adjusted EPS to deteriorate from -$0.20 to -$0.27 in 4Q16. You can learn more about Weatherford International’s 1Q17 pre-earnings analysis in Market Realist’s What to Expect from Weatherford International’s 1Q17 Earnings.

Next, we’ll discuss the factors that impacted NBR’s value drivers in 4Q16.

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