Nov Inc reports results for the quarter ended June 30 - Earnings Summary

• Nov Inc NOV reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 57 cents. The mean expectation of twenty one analysts for the quarter was for earnings of 29 cents per share. Wall Street expected results to range from 25 cents to 34 cents per share.

• Revenue fell 1.3% to $2.19 billion from a year ago; analysts expected $2.14 billion.

• Nov Inc's reported EPS for the quarter was 29 cents​.

• The company reported quarterly net income of $108 million.

• Nov Inc shares had risen by 12.4% this quarter and lost 2.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.4% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 9 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is also "buy"

• Wall Street's median 12-month price target for Nov Inc is $16.00, about 11.5% above its last closing price of $14.16

This summary was machine generated from LSEG data July 28 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)