National Oilwell Varco 2Q Earnings Pregame Scorecard

Last quarter National Oilwell Varco (NYSE:NOV) beat estimates by 5 cents per share and it is up again on Thursday, July 26, 2012.


Analysts currently expect National Oilwell Varco to come in with earnings of $1.40 per share on revenues of $4.44 billion. Estimates range from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from $1.43.

Stock Movement

The stock fell $4.97 per share between May 10, 2012 and May 18, 2012. Looking at change over the last three months, April 25, 2012 and July 20, 2012, the stock price fell $7.62 (-9.9%), from $76.83 to $69.21.

Company Fundamental Trends

Stock Ratings

Analysts are bullish on the stock as 17 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.

Last Quarter's Results

In the first quarter, profit rose 48.9% to $606 million ($1.42 a share) from $407 million (96 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 36.8% to $4.3 billion from $3.15 billion.


Reporting Period: 2Q

Date of Release: Thursday, July 26, 2012 before market open

EPS: $1.40

Revenue Estimate: $4.44 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)