Nabors Industries (NYSE: NBR) is expected to report Q3 earnings on Oct. 23. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Nabors Industries's revenues will increase 3.0% and EPS will wane -13.6%.

The average estimate for revenue is $1.71 billion. On the bottom line, the average EPS estimate is $0.38.

Revenue details
Last quarter, Nabors Industries booked revenue of $1.74 billion. GAAP reported sales were 29% higher than the prior-year quarter's $1.34 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.38. GAAP EPS were -$0.25 for Q2 against $0.65 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 35.3%, 310 basis points worse than the prior-year quarter. Operating margin was 12.6%, 10 basis points better than the prior-year quarter. Net margin was -4.2%, 1,850 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $7.02 billion. The average EPS estimate is $1.83.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nabors Industries is outperform, with an average price target of $24.05.

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