NOV Inc. Prepares to Announce Q1 2025 Results on April 28
NOV Inc. will release its first-quarter 2025 results on April 28, 2025. The Zacks Consensus Estimate anticipates earnings of 25 cents per share and revenues of $2.10 billion. Let’s explore the factors influencing the oilfield service provider’s performance before examining its recent results.
Recent Performance Overview: Q4 Highlights
In the last reported quarter, NOV, based in Houston, TX, exceeded analyst expectations due to improved cost control and higher-margin projects in its Energy Equipment segment. The company reported adjusted earnings per share of 41 cents, surpassing the Zacks Consensus Estimate of 35 cents. Revenues totaled $2.2 billion, reflecting a 3.2% increase compared to estimates.
Throughout the past four quarters, NOV has beaten the Zacks Consensus Estimate three times, missing once, with an average earnings surprise of 21.35%. (Find the latest EPS estimates and surprises on Zacks earnings Calendar.)
Refer to the graph below for insights:
NOV Inc. Price and EPS Surprise
NOV Inc. price-eps-surprise | NOV Inc. Quote
Estimate Trends for First-Quarter 2025
The Zacks Consensus Estimate for first-quarter fiscal 2025 earnings has remained unchanged over the past week, indicating a 2.61% decrease compared to the previous year. The revenue forecast shows a significant 16.67% decline from last year’s figures.
Key Factors Influencing NOV’s Q1 Performance
NOV’s revenues are expected to decline in the upcoming quarter. The company earns its revenue by selling tools and equipment essential for drilling and producing oil and gas, including drill bits, pipes, and machinery used in both onshore and offshore operations.
The Zacks Consensus Estimate projects first-quarter revenues to fall from $2,155 million recorded a year ago. Specifically, the Energy Products and Services segment is likely to contribute $998.6 million, down from $1,017 million in the previous year, while the Energy Equipment segment is set to generate $1,135 million, a reduction from $1,178 million a year earlier. The performance of these segments may significantly impact overall revenues for the quarter.
Conversely, a reduction in costs may positively influence NOV’s bottom line. The estimated cost of goods sold for the first quarter is projected to reach $1,669.5 million, a 1.6% decrease from the same quarter last year. Additionally, selling, general, and administrative expenses are expected to total $255.2 million, marking a 13.8% decline year-over-year. This reflects NOV’s emphasis on operational efficiency and financial discipline during a challenging market landscape.
Earnings Prediction Insights for NOV
The Zacks model does not clearly indicate a potential earnings beat for NOV this quarter. A positive earnings ESP and a Zacks Rank of #1 (Strong Buy), #2 (Buy), or #3 (Hold) enhance the likelihood of earning surprises, but NOV does not fit this criterion.
NOV’s earnings ESP: Currently, the earnings ESP, representing the difference between the Most Accurate Estimate and Zacks Consensus Estimate, stands at -3.61%.
Discover which stocks may provide solid opportunities through our earnings ESP Filter.
NOV’s Zacks Rank: NOV currently holds Zacks Rank #3.
Alternative Stock Considerations
Here are a few firms in the energy sector worth considering, as they possess the attributes necessary to potentially deliver an earnings beat this reporting cycle.
Antero Resources Corporation (AR) presents an earnings ESP of +7.02% and is currently rated #2 by Zacks. Antero is scheduled to announce earnings on April 30, with projections indicating an impressive 1,100% year-over-year growth in 2025 earnings. The company is valued at approximately $9.98 billion and its shares have risen by 5.8% over the past year.
TC Energy Corporation (TRP) has an earnings ESP of +5.11% and a Zacks Rank #2. The company is set to report earnings on May 1. TC Energy operates as an energy infrastructure provider across four segments in North America, with a current valuation of approximately $50.37 billion and a share price increase of 36.1% over the past year.
Comstock Resources, Inc. (CRK) showcases an earnings ESP of +22.33% and maintains a Zacks Rank #3. The company will announce earnings on April 30, with a Zacks Consensus Estimate for a remarkable 600% year-over-year growth in 2025 earnings. Valued at around $5.46 billion, Comstock Resources’ shares have surged 88.4% over the past year.
Trending Now: Top Stock Picks for the Month Ahead
Experts have compiled a list of 7 elite stocks from a pool of 220 Zacks Rank #1 Strong Buys. These selections are anticipated to deliver “Most Likely for Early Price Pops.”
Since 1988, this curated list has outperformed the market with an average annual return of +23.9%. Ensure you review these top 7 picks.
Explore them now >>
Stay updated with the latest recommendations from Zacks Investment Research. Download your free report on the 7 Best Stocks for the Next 30 Days. Click for your complimentary analysis.
Comstock Resources, Inc. (CRK) : Free stock analysis report
NOV Inc. (NOV) : Free stock analysis report
TC Energy Corporation (TRP) : Free stock analysis report
Antero Resources Corporation (AR) : Free stock analysis report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
