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

NOV

26/07/2023 23:43

* Nov Inc  NOV.N  reported quarterly adjusted earnings of 39
cents​​ per share for the quarter ended in June. The mean
expectation of twenty three analysts for the quarter was
for earnings of 30 cents per share.
    * Revenue rose 21.2% to $2.09 billion from a year ago;
analysts
expected $2.08 billion. 
    * Nov Inc's reported EPS for the quarter was 39 cents​.
    * The mean earnings estimate of analysts had risen by
about 11% in
the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Nov Inc shares had risen by 17.6% this quarter and
lost 9.7% so
far this year.
    * The company reported quarterly net income of $155 million.
    * Wall Street's median 12-month price target for Nov Inc is
$24.00
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 10:43 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.30           0.39           Beat
 Mar. 31 2023      0.22           0.32           Beat
 Dec. 31 2022      0.24           0.26           Beat
 Sep. 30 2022      0.16           0.08           Missed