Factors You Need to Know Ahead of NOV's Q1 Earnings Release

Core Viewpoint - NOV Inc. is expected to report first-quarter 2025 results on April 28, 2025, with earnings estimated at 25 cents per share and revenues at $2.10 billion [1] Group 1: Previous Quarter Performance - In the last reported quarter, NOV achieved adjusted earnings per share of 41 cents, exceeding the Zacks Consensus Estimate of 35 cents, with revenues of $2.2 billion, reflecting a 3.2% increase from the consensus mark [2] - NOV has beaten the Zacks Consensus Estimate three times in the last four quarters, with an average earnings surprise of 21.35% [3] Group 2: Upcoming Quarter Expectations - The Zacks Consensus Estimate for first-quarter fiscal 2025 indicates a 2.61% year-over-year decrease in earnings and a 16.67% decrease in revenues compared to the previous year [3] - Total revenues are expected to decline from $2,155 million in the year-ago quarter, with the Energy Products and Services segment projected to generate $998.6 million (down from $1,017 million) and the Energy Equipment segment expected to reach $1,135 million (down from $1,178 million) [5] Group 3: Cost Management - NOV's cost of goods sold is anticipated to be $1,669.5 million, reflecting a 1.6% decrease from the previous year, while selling, general, and administrative expenses are expected to total $255.2 million, down 13.8% from the year-ago quarter [6] Group 4: Earnings Prediction Model - The Zacks model does not predict an earnings beat for NOV this quarter, as the Earnings ESP is -3.61% [7] - NOV currently holds a Zacks Rank of 3, indicating a hold position [9]