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

NOV

26/07/2024 01:25

* Nov Inc  NOV.N  reported quarterly adjusted earnings of 57
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 39
cents.  The mean expectation of twenty three analysts for the
quarter was for earnings of 35 cents per share. Wall Street
expected results to range from 29 cents to 43 cents per share.
    * Revenue rose 5.9% to $2.22 billion from a year ago;
analysts
expected $2.19 billion. 
    * Nov Inc's reported EPS for the quarter was 57 cents​.
    * The company reported quarterly net income of $226 million.
    * Nov Inc shares had fallen by 4.0% this quarter and
lost 10.0% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 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 $24.00
This summary was machine generated from LSEG data July 26 at
12:24 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
 Jun. 30 2024      0.35           0.57           Beat
 Mar. 31 2024      0.27           0.30           Beat
 Dec. 31 2023      0.41           0.28           Missed
 Sep. 30 2023      0.34           0.29           Missed