Nov Inc expected to post earnings of 36 cents a share - Earnings Preview

NOV

23/10/2024 04:54

* Nov Inc  NOV.N   NOV  is expected to show a rise in
quarterly
revenue when it reports  results on October 24 for the period
ending September 30 2024
    * The Houston Texas-based  company is expected to report a
1.9% increase in revenue to $2.227 billion from $2.19 billion a
year ago, according to the mean estimate from 19 analysts, based
on LSEG data.The company's guidance on July 25 2024, for the
period ended September 30, was for revenue between $2.19 billion
and $2.23 billion.
    * ​LSEG's mean analyst estimate for Nov Inc is for earnings
of 36
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 5
"hold" and 3 "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
22.00​, above​ its last closing price of $15.41. ​​​

The company's guidance on July 25 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD2.185 billion and
USD305 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  
 Jun. 30 2024  0.34        0.35       0.57      Beat    64.9
 Mar. 31 2024  0.26        0.27       0.30      Beat    10.8
 Dec. 31 2023  0.41        0.41       0.28      Missed  -32.4​
 Jan. 1 0001   0.36        0.34       0.29      Missed  -15.9
 ​​Jan.        0.28        0.30       0.39      Beat    31.9
 1 0001                                                 
 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
 This summary was machine generated October 23 at 03:53 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)