NOV Earnings Preview
Portfolio Pulse from Benzinga Insights
NOV (NYSE:NOV) is set to release its quarterly earnings report on October 26, 2023. Analysts estimate an EPS of $0.34. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. The stock is currently trading at $19.88, down 14.19% over the last 52-week period.
October 25, 2023 | 5:00 pm
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NEGATIVE IMPACT
NOV is expected to report an EPS of $0.34. Despite beating EPS estimates in the past, the company's share price has typically dropped. The stock is down 14.19% over the last 52 weeks.
NOV has a history of beating EPS estimates but this has not translated into a rise in share price. In fact, the share price has typically dropped after earnings announcements. Given this trend and the fact that the stock is down over the last 52 weeks, it is likely that the share price will continue to be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100