Nov Inc reports results for the quarter ended in September 30 - Earnings Summary

NOV

27/10/2024 15:50

* Nov Inc  NOV.N  reported quarterly adjusted earnings of 33
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 29 cents.  The mean expectation of twenty two analysts for
the quarter was for earnings of 36 cents per share. Wall Street
expected results to range from 29 cents to 59 cents per share.
    * Revenue rose 0.3% to $2.19 billion from a year ago;
analysts
expected $2.23 billion. 
    * Nov Inc's reported EPS for the quarter was 33 cents​.
    * The company reported quarterly net income of $130 million.
    * Nov Inc shares had fallen by 4.4% this quarter and
lost 24.8% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.9%
in the last three months.​ 
    * In the last 30 days, ten 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," 5
"hold" and 3 "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 $21.50
This summary was machine generated from LSEG data October 27 at
03:49 p.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
 Sep. 30 2024      0.36           0.33           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