National Oilwell Varco, Inc. (NYSE:NOV) is reporting third quarter earnings results on Monday 26th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.1 per share.
For the full year, analysts predict revenues of $ 6146.94 million, while looking forward to loss of $ 0.36 per share.
Previous Quarter Performance
National Oilwell Varco, Inc. outlined income for the second quarter of $ 0.02 per share, from the revenue of $ 1,496.00 million. The quarterly revenues contracted 29.83 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.13 per share from $ 1521.12 million in revenue. The bottom line results beat street analysts by $ 0.15 or 115.38 percent, at the same time, top line results fell short of analysts by $ 25.12 million or 1.65 percent.
Stock Performance
On Friday, shares of National Oilwell Varco, Inc. has traded high as $ 9.40 and has cracked $ 9.01 on the downward trend, reaching $ 9.19 with volume of 4.69 million shares.
According to the previous trading day, closing price of $ 9.19, representing a 16.38 % increase from the 52 week low of $ 8.00 and a 63.93 % decrease over the 52 week high of $ 25.81.
The company has a market capital of $ 3.57 billion and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Recent Analyst recommendations
- On 2nd October 2020, initiated by BMO Capital Markets at Underperform rating, with $ 9.00 target price.
National Oilwell Varco, Inc. designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates in three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.
