Nov Inc expected to post earnings of 35 cents a share - Earnings Preview

NOV

24/07/2024 24:20

* Nov Inc  NOV.N   NOV  is expected to show a rise in
quarterly
revenue when it reports  results on July 25 for the period
ending June 30 2024
    * The Houston Texas-based  company is expected to report a
4.8% increase in revenue to $2.193 billion from $2.09 billion a
year ago, according to the mean estimate from 17 analysts, based
on LSEG data.The company's guidance on April 25 2024, for the
period ended June 30, was for revenue between $2.11 billion and
$2.20 billion.
    * ​LSEG's mean analyst estimate for Nov Inc is for earnings
of 35
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
$24.00​, above​ its last closing price of $18.64. ​​​

The company's guidance on April 25 2024 for the period ended
June 30 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD2.11393 billion and USD280
million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.26        0.27       0.30      Beat    10.8
 Dec. 31 0001  0.41        0.41       0.28      Missed  -32.4
 Sep. 30 2023  0.36        0.34       0.29      Missed  -15.9​
 Jun. 30 2023  0.28        0.30       0.39      Beat    31.9
 ​​Mar.        0.22        0.22       0.32      Beat    44.9
 31 2023                                                
 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. 30 2022  0.05        0.04       0.22      Beat    471.9
 This summary was machine generated July 23 at 23:20 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)