Back to top
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you accept our Privacy Policy and Terms of Service, revised from time to time, and you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Nov Inc. (NOV) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Nov Inc. (NOV - Free Report) reported $2.16 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.8%. EPS of $0.30 for the same period compares to $0.32 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.11 billion, representing a surprise of +2.37%. The company delivered an EPS surprise of +11.11%, with the consensus EPS estimate being $0.27.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Nov Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Energy Equipment - Book-to-Bill: 77% versus the three-analyst average estimate of 80.6%.
- Revenue- Energy Equipment: $1.18 billion versus $1.15 billion estimated by seven analysts on average.
- Revenue- Eliminations: -$40 million compared to the -$35.35 million average estimate based on seven analysts. The reported number represents a change of -21.6% year over year.
- Revenue- Energy Products and Services: $1.02 billion versus the seven-analyst average estimate of $983.32 million.
- Adjusted EBITDA- Eliminations: -$52 million versus -$52.01 million estimated by six analysts on average.
- Adjusted EBITDA- Energy Products and Services: $174 million compared to the $166.09 million average estimate based on six analysts.
- Adjusted EBITDA- Energy Equipment: $119 million versus $117.75 million estimated by six analysts on average.
View all Key Company Metrics for Nov Inc. here>>>Shares of Nov Inc. have returned -1.9% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.