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 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.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Factors You Need to Know Ahead of NOV's Q3 Earnings Release
Read MoreHide Full Article
Key Takeaways
NOV will post Q3 2025 results on Oct. 27, with EPS estimated at 24 cents and revenues of $2.1B.
Q3 revenues may dip 2.4% year over year, with the Energy Products segment down to $983M.
SG&A expenses are likely up 12.4% as global and North American drilling activity slows through 2025.
NOV Inc. (NOV - Free Report) is set to release third-quarter 2025 results on Oct. 27. The Zacks Consensus Estimate for earnings is pegged at 24 cents per share and the same for revenues is pinned at $2.1 billion.
Let us delve into the factors that are likely to have influenced the oilfield service provider’s performance in the to-be-reported quarter. But first, it is worth taking a look at NOV’s performance in the last reported quarter.
Highlights of NOV’s Q2 Earnings & Surprise History
In the last reported quarter, the Houston, TX-based oil and gas equipment company missed the consensus mark due to margin pressures on projects within its Energy Equipment segment. NOV reported adjusted earnings per share (EPS) of 29 cents, missing the Zacks Consensus Estimate of 30 cents. Revenues of $2.2 billion were up 1.9% from the consensus mark in the quarter.
NOV’s earnings beat the Zacks Consensus Estimate in one of the trailing four quarters and missed in the other three, delivering an average negative surprise of 3.9%. This is depicted in the graph below:
The Zacks Consensus Estimate for third-quarter 2025 earnings has not witnessed any movement in the past seven days. The estimated figure indicates a 27.3% year-over-year decrease. The Zacks Consensus Estimate for revenues indicates a 2.4% decline from the year-ago period.
Factors to Consider Ahead of NOV’s Q3 Release
NOV's total revenues are expected to have suffered in the quarter to be reported. The company makes money by selling tools and equipment used to drill and produce oil and gas. These include things like drill bits, pipes and machinery for onshore and offshore drilling.
The Zacks Consensus Estimate predicts third-quarter revenues to decrease from the year-ago quarter’s $2.2 billion. Our model predicts that the Energy Products and Services segment will generate revenues of $983 million, down from $1,003 million in the year-ago period. The company is also likely to have experienced a surge in its selling, general and administrative expenses. NOV’s third-quarter selling, general and administrative expenses are likely to reach $309 million, indicating an increase of about 12.4% from the year-ago quarter’s level. The company believes that the global drilling activity will slow down in the second half of 2025 and its North American shale activity will drift modestly lower through the end of 2025. Moreover, NOV also believes that its Saudi conventional drilling will not reaccelerate before 2026.
On a positive note, the company’s cost of goods sold is expected to reach $1,679.7 million, down from $1,722 million in the year-ago period.
What Does Our Model Predict for NOV?
The proven Zacks model does not conclusively predict an earnings beat for NOV this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here.
NOV’s Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is -7.29%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
NOV’s Zacks Rank:NOV currently carries a Zacks Rank #3.
Stocks With the Favorable Combination
Here are some firms from the energy space that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.
TTE is scheduled to release earnings on Oct. 30. Notably, TotalEnergies’ earnings missed the Zacks Consensus Estimate in three of the trailing four quarters and beat the remaining one, delivering a negative average surprise of 3.4%. Valued at around $148 billion, TTE’s shares have lost 5.9% in a year.
Transocean Ltd. (RIG - Free Report) has an Earnings ESP of +31.58% and a Zacks Rank #3 at present. RIG is slated to release earnings on Oct. 29.
The Zacks Consensus Estimate for RIG’s 2025 earnings indicates 107.7% year-over-year growth.Valued at around $3 billion, RIG’s shares have fallen 22.8% in a year.
Archrock, Inc. (AROC - Free Report) has an Earnings ESP of +7.32% and a Zacks Rank #2 at present. It is scheduled to release earnings on Oct. 28.
Archrock’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 6.5%. Valued at around $4.3 billion, AROC’s shares have gained 20.5% in a year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Factors You Need to Know Ahead of NOV's Q3 Earnings Release
Key Takeaways
NOV Inc. (NOV - Free Report) is set to release third-quarter 2025 results on Oct. 27. The Zacks Consensus Estimate for earnings is pegged at 24 cents per share and the same for revenues is pinned at $2.1 billion.
Let us delve into the factors that are likely to have influenced the oilfield service provider’s performance in the to-be-reported quarter. But first, it is worth taking a look at NOV’s performance in the last reported quarter.
Highlights of NOV’s Q2 Earnings & Surprise History
In the last reported quarter, the Houston, TX-based oil and gas equipment company missed the consensus mark due to margin pressures on projects within its Energy Equipment segment. NOV reported adjusted earnings per share (EPS) of 29 cents, missing the Zacks Consensus Estimate of 30 cents. Revenues of $2.2 billion were up 1.9% from the consensus mark in the quarter.
NOV’s earnings beat the Zacks Consensus Estimate in one of the trailing four quarters and missed in the other three, delivering an average negative surprise of 3.9%. This is depicted in the graph below:
NOV Inc. Price and EPS Surprise
NOV Inc. price-eps-surprise | NOV Inc. Quote
Trend in NOV’s Estimate Revision
The Zacks Consensus Estimate for third-quarter 2025 earnings has not witnessed any movement in the past seven days. The estimated figure indicates a 27.3% year-over-year decrease. The Zacks Consensus Estimate for revenues indicates a 2.4% decline from the year-ago period.
Factors to Consider Ahead of NOV’s Q3 Release
NOV's total revenues are expected to have suffered in the quarter to be reported. The company makes money by selling tools and equipment used to drill and produce oil and gas. These include things like drill bits, pipes and machinery for onshore and offshore drilling.
The Zacks Consensus Estimate predicts third-quarter revenues to decrease from the year-ago quarter’s $2.2 billion. Our model predicts that the Energy Products and Services segment will generate revenues of $983 million, down from $1,003 million in the year-ago period. The company is also likely to have experienced a surge in its selling, general and administrative expenses. NOV’s third-quarter selling, general and administrative expenses are likely to reach $309 million, indicating an increase of about 12.4% from the year-ago quarter’s level. The company believes that the global drilling activity will slow down in the second half of 2025 and its North American shale activity will drift modestly lower through the end of 2025. Moreover, NOV also believes that its Saudi conventional drilling will not reaccelerate before 2026.
On a positive note, the company’s cost of goods sold is expected to reach $1,679.7 million, down from $1,722 million in the year-ago period.
What Does Our Model Predict for NOV?
The proven Zacks model does not conclusively predict an earnings beat for NOV this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here.
NOV’s Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is -7.29%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
NOV’s Zacks Rank:NOV currently carries a Zacks Rank #3.
Stocks With the Favorable Combination
Here are some firms from the energy space that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.
TotalEnergies SE (TTE - Free Report) has an Earnings ESP of +0.69% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
TTE is scheduled to release earnings on Oct. 30. Notably, TotalEnergies’ earnings missed the Zacks Consensus Estimate in three of the trailing four quarters and beat the remaining one, delivering a negative average surprise of 3.4%. Valued at around $148 billion, TTE’s shares have lost 5.9% in a year.
Transocean Ltd. (RIG - Free Report) has an Earnings ESP of +31.58% and a Zacks Rank #3 at present. RIG is slated to release earnings on Oct. 29.
The Zacks Consensus Estimate for RIG’s 2025 earnings indicates 107.7% year-over-year growth.Valued at around $3 billion, RIG’s shares have fallen 22.8% in a year.
Archrock, Inc. (AROC - Free Report) has an Earnings ESP of +7.32% and a Zacks Rank #2 at present. It is scheduled to release earnings on Oct. 28.
Archrock’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 6.5%. Valued at around $4.3 billion, AROC’s shares have gained 20.5% in a year.