Nabors Industries (NYSE: NBR) reported earnings on Oct. 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q3), Nabors Industries beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share was unchanged.

Margins dropped across the board.

Revenue details
 Nabors Industries tallied revenue of $1.77 billion. The 15 analysts polled by S&P Capital IQ hoped for a top line of $1.71 billion on the same basis. GAAP reported sales were 9.2% higher than the prior-year quarter's $1.62 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 $0.42. The 25 earnings estimates compiled by S&P Capital IQ forecast $0.37 per share. GAAP EPS of $0.26 were the same as 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 35.9%, 70 basis points worse than the prior-year quarter. Operating margin was 13.3%, 60 basis points worse than the prior-year quarter. Net margin was 4.3%, 30 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.74 billion. On the bottom line, the average EPS estimate is $0.40.

Next year's average estimate for revenue is $7.01 billion. The average EPS estimate is $1.80.

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 $19.55.

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