Nov Inc expected to post earnings of 41 cents a share - Earnings Preview

NOV

30/01/2024 22:02

* Nov Inc  NOV.N   NOV  is expected to show a rise in
quarterly
revenue when it reports  results on February 1 for the period
ending December 31 2023
    * The Houston Texas-based  company is expected to report a
9.0% increase in revenue to $2.26 billion from $2.07 billion a
year ago, according to the mean estimate from 21 analysts, based
on LSEG data.The company's guidance on October 27 2023, for the
period ended December 31, was for revenue between $2.09 billion
and $2.14 billion. (Majority is on Total Revenue Basis.)
    * ​LSEG's mean analyst estimate for Nov Inc is for earnings
of 41
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 6
"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
$25.00​, above​ its last closing price of $19.84. ​​​

The company's guidance on October 27 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD300 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  
 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. 31 2023  0.22        0.22       0.32      Beat    44.9​
 Dec. 31 2022  0.24        0.24       0.26      Beat    10.2
 ​​Sep.        0.16        0.16       0.08      Missed  -51.3
 30 2022                                                
 Jun. 30 2022  0.05        0.04       0.22      Beat    471.9​
 Mar. 31 2022  -0.06       -0.05      -0.01     Beat    81.5
 Dec. 31 2021  -0.05       -0.03      -0.08     Missed  -140
 This summary was machine generated January 30 at 22:02 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)