Oilfield equipment manufacturer NOV (NYSE: NOV) will be reporting earnings this Monday after market hours. Here’s what to look for.
NOV beat analysts’ revenue expectations last quarter, reporting revenues of $2.28 billion, down 1.3% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EBITDA estimates but a significant miss of analysts’ EPS estimates.
Is NOV a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting NOV’s revenue to decline 1.9% year on year, in line with the 2.4% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. NOV rarely misses Wall Street’s revenue estimates.
Looking at NOV’s peers in the oilfield services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. World Kinect delivered year-on-year revenue growth of 2.5%, beating analysts’ expectations by 10.4%, and Liberty Energy reported revenues up 4.5%, topping estimates by 6.7%. World Kinect traded up 10.9% following the results while Liberty Energy was also up 9.9%.
Read our full analysis of World Kinect’s results here and Liberty Energy’s results here.
The market narrative shifted from AI-driven sector rotation in late 2025 to geopolitical shock as the US-Iran conflict dominated early 2026. While some of the oilfield services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.8% on average over the last month. NOV is up 3.6% during the same time and is heading into earnings with an average analyst price target of $20.65 (compared to the current share price of $20.59).
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