Equity Profile

NOV

NOV Inc.

EnergyOil & Gas Equipment & Services$7.2B

Apr27Mon

Post-Earnings Recap

ReportedQ1-2026After Close5:45 PM EDT

NOV Inc. Misses on EPS, Stock Up 1.56%

Metric	Actual	Expected	Surprise
EPS	$0.05	$0.15	-70.76%
Revenue	N/A	$2.0B	N/A

management commentary, guidance changes, and full analysis available with Pro.

NOV Inc. Misses on EPS, Stock Up 1.56%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.05	$0.15	-70.76%
Revenue	N/A	$2.0B	N/A

Management Commentary

Tone: Cautiously Optimistic

Overall, management expressed a cautious optimism about future prospects. They are focused on addressing current issues while aiming for operational improvements.

Management acknowledged the challenges faced in the quarter but highlighted ongoing efforts to improve operations.

They emphasized a commitment to long-term growth despite short-term setbacks.

What It Means

This earnings report indicates that NOV Inc. faced significant challenges in the first quarter, particularly reflected in the EPS miss. Despite this, the stock rose by 1.56%, suggesting that investors may be optimistic about the company's long-term strategies. The lack of revenue data and guidance leaves some uncertainty about future performance.

Company Snapshot

NOV Inc. is a key player in the energy sector, focusing on oil and gas equipment and services....

Key Metrics to Watch

EPS

Earnings per share is a critical indicator of profitability and will show how well NOV has managed costs and revenue.

$0.15

Revenue

Total revenue gives insight into the company's sales performance and market demand for its services.

$2.0B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

NOV Inc. is a key player in the energy sector, focusing on oil and gas equipment and services. With a market cap of $7 billion, the company plays a crucial role in supporting the global energy infrastructure, especially as demand for energy continues to evolve.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-33.61%

Avg Stock Reaction

+1.30%

Last Quarter Recap

In the last quarter, NOV reported an EPS of -$0.21, significantly missing expectations of $0.25. Despite this, the stock saw a modest increase of 3.25% the following day.

Management Promises & Guidance

Focus on cost management and operational efficiency.
Commitment to enhancing service offerings in the oil and gas sector.
Plans to improve supply chain resilience.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about NOV's upcoming earnings, with expectations for a modest profit. However, the company has struggled with earnings surprises in recent quarters.

Bull Case

If NOV can exceed the EPS estimate and show strong revenue growth, it could signal a turnaround and boost investor confidence.

Bear Case

Conversely, if the company misses expectations again, it may raise concerns about its ability to navigate current market challenges.

Key Metrics to Watch

EPS

$0.15

Earnings per share is a critical indicator of profitability and will show how well NOV has managed costs and revenue.

Revenue

$2.0B

Total revenue gives insight into the company's sales performance and market demand for its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will NOV achieve an EPS of at least $0.15?

This figure is crucial as it would indicate a recovery in profitability after recent misses.

What is the outlook for revenue growth in the oil and gas services sector?

Understanding revenue trends will help gauge demand for NOV's services and its competitive position in the market.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate NOV's ability to leverage operational efficiencies, which could lead to better-than-expected margins.

Supporting Evidence

Recent cost-cutting measures may not be fully reflected in current EPS estimates.

The energy sector is showing signs of recovery, which could positively impact NOV's revenue.

Options pricing suggests higher volatility, indicating that traders expect significant movement.

Key Risk

If NOV's revenue exceeds $2.1B, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching NOV's ability to rebound from previous earnings misses and its overall revenue performance.

Bull Confirmed If

An EPS of $0.21 or higher would confirm the bull case and suggest a strong recovery.

Bear Confirmed If

An EPS below $0.04 would validate the bear case, indicating ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±8.98%

Historical Avg

±1.5%

Pricing rich

The options market is pricing in a significant potential move, suggesting that investors are anticipating volatility around the earnings report.

Options are pricing ±8.1% while NOV has averaged ±1.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

33.0%

Calls (19K)P/C Ratio: 0.03Puts (600)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NOV beats expectations, history suggests a potential average move of +1.66%, confirming a positive trend.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline, with historical data indicating an average move of +0.91% in such scenarios.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their impact on margins.
2Insights into market demand for oil and gas services.
3Management's outlook on the energy sector for the remainder of the year.
4Details on any new contracts or partnerships that could drive future growth.
5Comments on supply chain improvements and their effectiveness.

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Company Snapshot

NOV Inc. is a key player in the energy sector, focusing on oil and gas equipment and services....

Key Metrics to Watch

EPS

Earnings per share is a critical indicator of profitability and will show how well NOV has managed costs and revenue.

$0.15

Revenue

Total revenue gives insight into the company's sales performance and market demand for its services.

$2.0B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-33.61%

Avg Stock Reaction

+1.30%

Last Quarter Recap

In the last quarter, NOV reported an EPS of -$0.21, significantly missing expectations of $0.25. Despite this, the stock saw a modest increase of 3.25% the following day.

Management Promises & Guidance

Focus on cost management and operational efficiency.
Commitment to enhancing service offerings in the oil and gas sector.
Plans to improve supply chain resilience.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about NOV's upcoming earnings, with expectations for a modest profit. However, the company has struggled with earnings surprises in recent quarters.

Bull Case

If NOV can exceed the EPS estimate and show strong revenue growth, it could signal a turnaround and boost investor confidence.

Bear Case

Conversely, if the company misses expectations again, it may raise concerns about its ability to navigate current market challenges.

Key Metrics to Watch

EPS

$0.15

Earnings per share is a critical indicator of profitability and will show how well NOV has managed costs and revenue.

Revenue

$2.0B

Total revenue gives insight into the company's sales performance and market demand for its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will NOV achieve an EPS of at least $0.15?

This figure is crucial as it would indicate a recovery in profitability after recent misses.

What is the outlook for revenue growth in the oil and gas services sector?

Understanding revenue trends will help gauge demand for NOV's services and its competitive position in the market.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate NOV's ability to leverage operational efficiencies, which could lead to better-than-expected margins.

Supporting Evidence

Recent cost-cutting measures may not be fully reflected in current EPS estimates.

The energy sector is showing signs of recovery, which could positively impact NOV's revenue.

Options pricing suggests higher volatility, indicating that traders expect significant movement.

Key Risk

If NOV's revenue exceeds $2.1B, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching NOV's ability to rebound from previous earnings misses and its overall revenue performance.

Bull Confirmed If

An EPS of $0.21 or higher would confirm the bull case and suggest a strong recovery.

Bear Confirmed If

An EPS below $0.04 would validate the bear case, indicating ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±8.98%

Historical Avg

±1.5%

Pricing rich

The options market is pricing in a significant potential move, suggesting that investors are anticipating volatility around the earnings report.

Options are pricing ±8.1% while NOV has averaged ±1.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

33.0%

Calls (19K)P/C Ratio: 0.03Puts (600)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NOV beats expectations, history suggests a potential average move of +1.66%, confirming a positive trend.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline, with historical data indicating an average move of +0.91% in such scenarios.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their impact on margins.
2Insights into market demand for oil and gas services.
3Management's outlook on the energy sector for the remainder of the year.
4Details on any new contracts or partnerships that could drive future growth.
5Comments on supply chain improvements and their effectiveness.