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.
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 $5.96, which is worse than the estimate ninety days ago.
Here’s how National Oilwell Varco has been performing on an annual basis:
|Revenue ($) 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|
National Oilwell Varco has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)