The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
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The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
NOV Inc. NOV posted weak results for the third quarter, after the closing bell on Thursday.
NOV Inc. (NYSE:NOV ) Q3 2024 Earnings Conference Call October 25, 2024 11:00 AM ET Company Participants Amie D'Ambrosio - Director of Investor Relations Clay Williams - President and Chief Executive Officer Jose Bayardo - Senior Vice President and Chief Financial Officer Conference Call Participants James Rollyson - Raymond James & Associates, Inc. Marc Bianchi - TD Cowen Arun Jayaram - JPMorgan Chase & Co. Neil Mehta - Goldman Sachs Group, Inc. Kurt Hallead - The Benchmark Company, LLC Stephen Gengaro - Stifel, Nicolaus & Company, Inc. Operator Thank you for standing by. Welcome to NOV Inc's Third Quarter 2024 Earnings Conference Call.
NOV expects a 3-5% year-over-year revenue decline in Q4 2024. Adjusted EBITDA is anticipated to be between $280 million and $300 million for the same timeframe.
Although the revenue and EPS for Nov Inc. (NOV) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Nov Inc. (NOV) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.29 per share a year ago.
NOV is anticipated to report higher revenues from the year-ago level. However, it is expected to record a lower bottom line due to rising costs.
Nov Inc. (NOV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.