UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2024 OR Washington, D.C. 20549 FORM 10-Q (Mark one) Commission File Number 1-12317 NOV INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No. ...

NOV Inc. (NOV) reported second-quarter 2024 adjusted earnings of 57 cents per share, which beat the Zacks Consensus Estimate of 35 cents and increased from the year-ago quarter’s level of 39 cents. The outperformance can be attributed to improving execution, customer demand and pricing.The oil and gas equipment and services company’s total revenues of $2.2 billion surpassed the Zacks Consensus Estimate by 1.5%. The top line also increased 5.9% from the year-ago quarter’s figure of $2.1 billion. The better-t ...

NOV Inc. Second Quarter 2024 Earnings Presentation July 26, 2024 Safe Harbor / Forward-Looking Statements / Non-GAAP Financial Measures Statements in this presentation, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. Statements of hopes, beliefs, expectations, and predictions of future performance are subject to numerous risks and uncertainties, many of which are beyond the Company's control. Actual results may di ...

NOV Inc. (NYSE:NOV) Q2 2024 Earnings Conference Call July 26, 2024 11:00 AM ET Company Participants Amie D'Ambrosio - Director, Investor Relations Clay Williams - Chairman, President and CEO Jose Bayardo - Senior Vice President and CFO Conference Call Participants Jim Rollyson - Raymond James James West - Evercore Arun Jayaram - JPMorgan Marc Bianchi - TD Cowen Luke Lemoine - Piper Sandler Stephen Gengaro - Stifel Operator Good day and thank you for standing by. Welcome to Q2 NOV, Inc. Earnings Conference C ...

Exhibit 99.1 NEWS Contact: Amie D'Ambrosio (713) 375-3826 FOR IMMEDIATE RELEASE NOV REPORTS SECOND QUARTER 2024 RESULTS * Adjusted EBITDA and Free Cash Flow are non-GAAP measures, see "Non-GAAP Financial Measures," "Reconciliation of Cash Flows from Operating Activities to Free Cash Flow" and "Reconciliation of Adjusted EBITDA to Net Income" below. HOUSTON, TX, July 25, 2024 NOV Inc. (NYSE: NOV) today reported second quarter 2024 revenues of $2.22 billion, an increase of six percent compared to the second q ...

Nov Inc. (NOV) reported $2.22 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 5.9%. EPS of $0.57 for the same period compares to $0.39 a year ago.The reported revenue represents a surprise of +1.98% over the Zacks Consensus Estimate of $2.17 billion. With the consensus EPS estimate being $0.35, the EPS surprise was +62.86%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

NOV Inc. (NOV) is set to release second-quarter results on Jul 25, 2024. The Zacks Consensus Estimate for earnings is pegged at 35 cents per share on revenues of $2.17 billion.Let’s delve into the factors that might have influenced the oilfield service provider’s performance in the June quarter. But first, it’s worth taking a look at NOV’s performance in the last reported quarter.Highlights of Q1 Earnings & Surprise HistoryIn the last reported quarter, the Houston, TX-based oil and gas equipment company bea ...

Core Insights - The article emphasizes the importance of value investing and the use of specific metrics to identify undervalued stocks [1] Group 1: Company Analysis - NOV (NOV) has a Zacks Rank of 2 (Buy) and an A for Value, indicating strong potential as a value stock [2] - NOV's PEG ratio is 0.51, significantly lower than the industry average of 1.12, suggesting it may be undervalued [2] - NOV's P/S ratio is 0.83, compared to the industry's average of 1.62, further indicating potential undervaluation [2] Group 2: Qifu Technology, Inc. Analysis - Qifu Technology, Inc. (QFIN) also holds a Zacks Rank of 2 (Buy) with a Value score of A, marking it as a strong value stock [3] - QFIN's Forward P/E ratio is 4.51, while its PEG ratio is 0.41, both significantly lower than the industry averages of 38.65 and 1.12 respectively [3] - QFIN's P/B ratio is 1.06, compared to the industry's price-to-book ratio of 9.54, indicating it may be undervalued [3] Group 3: Overall Value Assessment - Both NOV and QFIN exhibit strong value characteristics, suggesting they are likely undervalued in the current market [4]

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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...