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

NOV

27/10/2023 24:18

* Nov Inc  NOV.N  reported quarterly adjusted earnings of 29
cents​​ per share for the quarter ended in September. The mean
expectation of twenty three analysts for the quarter was
for earnings of 34 cents per share.
    * Revenue rose 15.7% to $2.19 billion from a year ago;
analysts
expected $2.13 billion. 
    * Nov Inc's reported EPS for the quarter was 29 cents​.
    * The mean earnings estimate of analysts had risen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Nov Inc shares had fallen by 6.9% this quarter and
lost 6.9% so
far this year.
    * The company reported quarterly net income of $114 million.
    * Wall Street's median 12-month price target for Nov Inc is
$25.00
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 26 at 11:18 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.24           0.26           Beat