Nov Inc reports results for the quarter ended in December - Earnings Summary

NOV

02/02/2024 01:48

* Nov Inc  NOV.N  reported quarterly adjusted earnings of 28
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 26
cents.  The mean expectation of twenty three analysts for the
quarter was for earnings of 41 cents per share. Wall Street
expected results to range from 37 cents to 62 cents per share.
    * Revenue rose 13% to $2.34 billion from a year ago;
analysts
expected $2.26 billion. 
    * Nov Inc's reported EPS for the quarter was $1.51​.
    * The company reported quarterly net income of $598 million.
    * Nov Inc shares had fallen by 3.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the oil related
services and equipment peer group is also "buy"

Wall Street's median 12-month price target for Nov Inc is $25.00
This summary was machine generated from LSEG data February 2 at
01:48 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.41           0.28           Missed
 Sep. 30 2023      0.34           0.29           Missed
 Jun. 30 2023      0.30           0.39           Beat
 Mar. 31 2023      0.22           0.32           Beat