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

NOV

26/04/2024 03:21

* Nov Inc  NOV.N  reported quarterly adjusted earnings of 30
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 32
cents.  The mean expectation of twenty three analysts for the
quarter was for earnings of 27 cents per share. Wall Street
expected results to range from 23 cents to 36 cents per share.
    * Revenue rose 9.8% to $2.16 billion from a year ago;
analysts
expected $2.11 billion. 
    * Nov Inc's reported EPS for the quarter was 30 cents​.
    * The company reported quarterly net income of $119 million.
    * Nov Inc shares had fallen by 3.5% this quarter and
lost 7.1% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.2%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "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 April 26 at
02:21 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
 Mar. 31 2024      0.27           0.30           Beat
 Dec. 31 2023      0.41           0.28           Missed
 Sep. 30 2023      0.34           0.29           Missed
 Jun. 30 2023      0.30           0.39           Beat