Nov Inc expected to post earnings of 34  cents a share - Earnings Preview

NOV

25/10/2023 03:12

* Nov Inc  NOV.N   NOV  is expected to show a rise in
quarterly
revenue when it reports  results on October 26. 
    * The Houston Texas-based  company is expected to report  a
12.6% increase in revenue to $2.128 billion from $1.89 billion a
year ago, according to the mean estimate from 19 analysts, based
on Refinitiv data. The company's guidance on July 27 2023, for
the period ended September 30, was for revenue between $2.20
billion and $2.30 billion.
    * ​Refinitiv's mean analyst estimate for Nov Inc is for
earnings
of 34 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 7
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Nov Inc is
$25​,
above​ its last closing price of $19.88. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.28        0.30       0.39      Beat    31.9
 Mar. 31 2023  0.22        0.22       0.32      Beat    44.9
 Dec. 31 2022  0.24        0.24       0.26      Beat    10.2​
 Sep. 30 2022  0.16        0.16       0.08      Missed  -51.3
 ​​Jun.        0.05        0.04       0.22      Beat    471.9
 30 2022                                                
 Mar. 31 2022  -0.06       -0.05      -0.01     Beat    81.5​
 Dec. 31 2021  -0.05       -0.03      -0.08     Missed  -140
 Sep. 30 2021  -0.08       -0.07      -0.12     Missed  -60.1
 This summary was machine generated October 25 at 02:12 GMT.  All
figures in US dollars  unless otherwise stated