Nabors Industries (NYSE: NBR) is expected to report Q2 earnings on July 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 compress -6.4% and EPS will wither -76.3%.

The average estimate for revenue is $1.50 billion. On the bottom line, the average EPS estimate is $0.09.

Revenue details
 Last quarter, Nabors Industries notched revenue of $1.58 billion. GAAP reported sales were 16% lower than the prior-year quarter's $1.89 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 $0.28. GAAP EPS of $0.34 for Q1 were 26% lower than the prior-year quarter's $0.46 per share.

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 35.0%, 230 basis points worse than the prior-year quarter. Operating margin was 9.3%, 770 basis points worse than the prior-year quarter. Net margin was 6.3%, 80 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $6.26 billion. The average EPS estimate is $0.86.

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 $18.42.

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