National Oilwell Varco Earnings Preview: Can This Streak Continue?

National Oilwell Varco (NYSE:NOV) will report earnings before markets open on Friday, April 26th. National Oilwell Varco Inc. designs, manufactures, and sells machinery, equipment, and downhole products used in oil and gas drilling and production. The Company also provides oilfield inspection and other services, and supply chain integration services to the upstream oil and gas industry.

Here is your Cheat Sheet to National Oilwell Varco Earnings:

Earnings Expectations: Analysts expect earnings of $1.36 per share on revenues of $5.38 billion. Currently, the company’s P/E ratio stands at 11.03.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.57 to a profit $1.44. For the current year, the average estimate is a profit of $5.96, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how National Oilwell Varco has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 13,430 12,710 12,160 14,660 20,040
Diluted EPS ($) 4.90 3.52 3.98 4.70 5.83

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 4,259 4,303 4,734 5,319 5,685
Diluted EPS ($) 1.36 1.42 1.42 1.43 1.56

Past Performance:
National Oilwell Varco has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]