National Oilwell Varco Fourth Quarter Earnings Sneak Peek

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.

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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: