NOV Earnings Prediction
The chart below shows how NOV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NOV sees a +0.07% change in stock price 10 days leading up to the earnings, and a -1.36% change 10 days following the report. On the earnings day itself, the stock moves by +0.50%. This data can give you a slight idea of what to expect for the next quarter's release.
NOV Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.31B
-1.49%
5.34%
Gross Margin
21.36%
0.71%
-0.23%
Operating Margin
8.97%
30.57%
1.36%
Net Margin
6.98%
-72.51%
17.71%
EPS
0.41
-72.67%
24.24%
No Data Available
NOV Earnings Analysis
Nov Inc Corporation (NOV.N) Earnings Conference Call
Positive
Quarterly Revenue Increase: Fourth quarter revenues grew 5% sequentially to $2.3 billion, with net income of $160 million resulting in fully diluted earnings of $0.41 per share.
Revenue and EBITDA Growth: For the full year 2024, revenues increased 3% to $8.9 billion, and EBITDA rose to $1.1 billion, representing 12.5% of sales.
Book to Bill Performance: Fourth quarter book to bill ratio was 121%, with backlog growing 22% over the past four years and quarterly shipments out of backlog rising more than 60%.
Free Cash Flow Achievement: Free cash flow for the full year reached $953 million, achieving an 86% conversion rate of EBITDA to free cash flow.
Shareholder Returns Overview: In 2024, NOV returned $337 million to shareholders through share buybacks and dividends, representing 41% of excess free cash flow.
Negative
Energy Segment Revenue Decline: Energy products and services segment revenue decreased 1% year over year to $1.06 billion, with EBITDA down $20 million to $173 million, primarily due to lower global drilling activity and heightened geopolitical uncertainty.
Decline in Capital Equipment Sales: Sales of capital equipment in the energy products and services segment fell 15% year over year, reflecting a significant decline in demand for drill pipe and related services, which did not repeat strong deliveries from the previous year.
Energy Equipment Revenue Decline: The energy equipment segment's revenue declined 1% year over year to $1.29 billion, despite a 310 basis point increase in EBITDA margin, indicating underlying revenue challenges in the market.
North American Drilling Decline: Overall, North American drilling activity was down 9% year over year, contributing to a subdued outlook for 2025, with expectations of low single-digit revenue declines in energy equipment due to reduced demand for offshore drilling support.
Rig Aftermarket Revenue Decline: The rig aftermarket revenue is expected to decline in the mid to upper single digits in 2025, driven by lower demand for spare parts and services as offshore drilling contractors anticipate reduced activity levels.
NOV FAQs
How does NOV typically perform around its earnings report dates?
Is Nov Inc (NOV) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
NOV Earning Call Sentiment
NOV Inc. (NYSE:NOV) Q4 2024 Earnings Call Transcript
NOV.N
-2.14%Positive
The earnings call presents a mixed sentiment. Financial performance shows minor growth and improved margins, but revenue is slightly down. There's optimism in shareholder returns with increased buybacks and dividends. However, concerns about future demand, geopolitical uncertainties, and management's unclear responses in the Q&A section balance the positive aspects. The guidance suggests modest future growth but highlights potential challenges in 2025. These factors combined suggest a neutral short-term stock price movement.
