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Nov Inc. (NOV) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended June 2026, Nov Inc. (NOV - Free Report) reported revenue of $2.13 billion, down 2.5% over the same period last year. EPS came in at $0.31, compared to $0.29 in the year-ago quarter.

The reported revenue represents a surprise of +2.33% over the Zacks Consensus Estimate of $2.09 billion. With the consensus EPS estimate being $0.16, the EPS surprise was +93.75%.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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 - Backlog: $4.08 billion versus the three-analyst average estimate of $4.23 billion.
  • Energy Equipment - Book-to-Bill: 74% versus 99.6% estimated by three analysts on average.
  • Energy Equipment - Orders shipped from backlog: $638 million versus $612.68 million estimated by three analysts on average.
  • Energy Equipment - New orders booked: $474 million versus $609.98 million estimated by three analysts on average.
  • Revenue- Energy Products and Services: $974 million versus $950.89 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -5% change.
  • Revenue- Eliminations: $-58 million versus the five-analyst average estimate of $-40.53 million. The reported number represents a year-over-year change of +31.8%.
  • Revenue- Energy Equipment: $1.22 billion versus $1.19 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +0.9% change.
  • Adjusted EBITDA- Eliminations and corporate costs: $-61 million versus the four-analyst average estimate of $-53.48 million.
  • Adjusted EBITDA- Energy Equipment: $200 million versus $144.67 million estimated by four analysts on average.
  • Adjusted EBITDA- Energy Products and Services: $144 million versus the four-analyst average estimate of $110.24 million.

View all Key Company Metrics for Nov Inc. here>>>

Shares of Nov Inc. have returned +6.9% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.

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