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Nov Inc. (NOV) Reports Q3 Earnings: What Key Metrics Have to Say
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Nov Inc. (NOV - Free Report) reported $2.19 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 0.3%. EPS of $0.33 for the same period compares to $0.29 a year ago.
The reported revenue represents a surprise of -1.95% over the Zacks Consensus Estimate of $2.23 billion. With the consensus EPS estimate being $0.35, the EPS surprise was -5.71%.
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: $4.48 billion compared to the $4.39 billion average estimate based on three analysts.
Energy Equipment - New orders booked: $627 million compared to the $661.63 million average estimate based on three analysts.
Energy Equipment - Orders shipped from backlog: $563 million versus the three-analyst average estimate of $601.33 million.
Energy Equipment - Book-to-Bill: 111% versus 104.2% estimated by two analysts on average.
Revenue- Energy Products and Services: $1 billion versus the seven-analyst average estimate of $1.05 billion.
Revenue- Eliminations: -$31 million versus -$41.62 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -48.3% change.
Revenue- Energy Equipment: $1.22 billion versus $1.22 billion estimated by seven analysts on average.
Adjusted EBITDA- Eliminations and corporate costs: -$45 million compared to the -$44.62 million average estimate based on six analysts.
Adjusted EBITDA- Energy Equipment: $159 million compared to the $149.21 million average estimate based on six analysts.
Adjusted EBITDA- Energy Products and Services: $172 million compared to the $183.73 million average estimate based on six analysts.
Shares of Nov Inc. have returned -5.3% over the past month versus the Zacks S&P 500 composite's +1.5% 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.
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Nov Inc. (NOV) Reports Q3 Earnings: What Key Metrics Have to Say
Nov Inc. (NOV - Free Report) reported $2.19 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 0.3%. EPS of $0.33 for the same period compares to $0.29 a year ago.
The reported revenue represents a surprise of -1.95% over the Zacks Consensus Estimate of $2.23 billion. With the consensus EPS estimate being $0.35, the EPS surprise was -5.71%.
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: $4.48 billion compared to the $4.39 billion average estimate based on three analysts.
- Energy Equipment - New orders booked: $627 million compared to the $661.63 million average estimate based on three analysts.
- Energy Equipment - Orders shipped from backlog: $563 million versus the three-analyst average estimate of $601.33 million.
- Energy Equipment - Book-to-Bill: 111% versus 104.2% estimated by two analysts on average.
- Revenue- Energy Products and Services: $1 billion versus the seven-analyst average estimate of $1.05 billion.
- Revenue- Eliminations: -$31 million versus -$41.62 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -48.3% change.
- Revenue- Energy Equipment: $1.22 billion versus $1.22 billion estimated by seven analysts on average.
- Adjusted EBITDA- Eliminations and corporate costs: -$45 million compared to the -$44.62 million average estimate based on six analysts.
- Adjusted EBITDA- Energy Equipment: $159 million compared to the $149.21 million average estimate based on six analysts.
- Adjusted EBITDA- Energy Products and Services: $172 million compared to the $183.73 million average estimate based on six analysts.
View all Key Company Metrics for Nov Inc. here>>>Shares of Nov Inc. have returned -5.3% over the past month versus the Zacks S&P 500 composite's +1.5% 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.