Nabors Industries (NYSE: NBR) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Nabors Industries met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share dropped to a loss.

Gross margins dropped, operating margins grew, net margins shrank.

Revenue details
 Nabors Industries logged revenue of $1.74 billion. The 12 analysts polled by S&P Capital IQ predicted revenue of $1.72 billion on the same basis. GAAP reported sales were 28% higher than the prior-year quarter's $1.35 billion.

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

EPS details
 EPS came in at $0.38. The 23 earnings estimates compiled by S&P Capital IQ predicted $0.38 per share. GAAP EPS were -$0.25 for Q2 versus $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.

Margin details
 For the quarter, gross margin was 35.3%, 310 basis points worse than the prior-year quarter. Operating margin was 12.6%, 40 basis points better than the prior-year quarter. Net margin was -4.2%, 1,840 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.79 billion. On the bottom line, the average EPS estimate is $0.43.

Next year's average estimate for revenue is $7.23 billion. The average EPS estimate is $1.92.

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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