Here's Why Nov Inc. (NOV) is a Strong Value Stock

Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores categorize stocks based on value, growth, and momentum, helping investors identify stocks with the potential to outperform the market [1][2] Zacks Style Scores - Value Score: Focuses on identifying undervalued stocks using ratios like P/E, PEG, and Price/Sales, appealing to value investors [2] - Growth Score: Concentrates on a company's financial health and future growth potential, analyzing projected and historical earnings and cash flow [2] - Momentum Score: Aids momentum investors by assessing price trends and earnings outlook changes to identify optimal buying opportunities [2] - VGM Score: Combines all three Style Scores to provide a comprehensive rating, highlighting stocks with attractive value, growth forecasts, and momentum [3] Zacks Rank and Style Scores Integration - The Zacks Rank utilizes earnings estimate revisions to guide investors in stock selection, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [4] - Stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B are recommended for higher return potential, while 3 (Hold) stocks should also have A or B Scores for optimal upside [5] Company Spotlight: NOV Inc. - NOV Inc., a leader in oil and gas drilling systems, holds a Zacks Rank of 3 (Hold) and a VGM Score of B, indicating a solid position in the market [6] - The company has a Value Style Score of A, supported by a forward P/E ratio of 11.7, making it attractive to value investors [6] - Recent upward revisions in earnings estimates for fiscal 2024 have increased the Zacks Consensus Estimate to $1.56 per share, with an average earnings surprise of 13.9% [6]