National Oilwell Varco Fourth Quarter Earnings Sneak Peek

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

S&P 500 (NYSE:SPY) component National Oilwell Varco (NYSE:NOV) will unveil its latest earnings tomorrow, Friday, February 1, 2013.  National Oilwell Varco provides equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services.

National Oilwell Varco Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.44 per share, a rise of 5.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.48. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.44 during the last month. For the year, analysts are projecting profit of $5.86 per share, a rise of 22.9% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting net income of $1.52 per share against a mean estimate of profit of $1.51 per share.

Start 2013 better than ever by saving time and making money with your Limited Time Offer for our highly-acclaimed Stock Picker Newsletter. Click here for our fresh Feature Stock Pick now!

Wall St. Revenue Expectations: On average, analysts predict $5.3 billion in revenue this quarter, a rise of 24.4% from the year-ago quarter. Analysts are forecasting total revenue of $19.66 billion for the year, a rise of 34.1% from last year’s revenue of $14.66 billion.

A Look Back: In the third quarter, profit rose 15% to $612 million ($1.43 a share) from $532 million ($1.25 a share) the year earlier, exceeding analyst expectations. Revenue rose 42.2% to $5.32 billion from $3.74 billion.

Here’s how National Oilwell Varco traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:

nov

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business