NYSE$NOV
NOV Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported third quarter results with revenues decreasing and a net loss recorded.
NOV Inc. reported third quarter 2021 revenues of $1.34 billion, a decrease of 5 percent compared to the second quarter of 2021 and a decrease of 3 percent compared to the third quarter of 2020. Net loss for the third quarter of 2021 was $69 million, or 5.1 percent of sales.
- Rising oil and gas prices continue to drive higher demand for NOV.
- Orders again exceeded shipments in the third quarter.
- Offshore wind power related projects drive more than half of Rig Technology segment’s orders.
- NOV is well positioned to generate much stronger financial returns from the coming multi-year up-cycle in both the conventional and renewable energy markets.
Headline financials
Revenue & EPS history
NOV · Revenue · Quarterly
$1.34B
Revenue by segment
NOV · $985M total across 2 segments · Q3 2021
- Energy Products & Services$507M—51.5%
- Energy Equipment$478M—48.5%
Forward guidance
Rising economic activity and higher backlogs continue to underpin the improving outlook for 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+0.2%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-0.1%
Avg return
30 days after
42%
30 / 72 earnings
Positive
+14.3%
Q3 2019
Best reaction
-11.8%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.7% | +3.0% | +7.1% | |
| Q4 2025 | +0.8% | +3.0% | +7.1% | |
| Q3 2025 | +7.1% | +4.7% | +8.2% | |
| Q1 2025 | -2.0% | +0.2% | +0.3% | |
| Q4 2024 | +12.7% | +9.3% | +2.6% | |
| Q3 2024 | +2.9% | +0.5% | +8.7% | |
| Q2 2024 | +8.8% | +12.1% | -1.4% | |
| Q1 2024 | +0.2% | -1.8% | -3.1% | |
| Q4 2023 | -9.7% | -10.2% | -12.4% | |
| Q3 2023 | +0.8% | +2.6% | -2.0% | |
| Q2 2023 | -1.8% | +6.4% | +6.6% | |
| Q1 2023 | -9.0% | -8.1% | -17.3% | |
| Q4 2022 | +0.0% | +3.3% | -3.0% | |
| Q3 2022 | -3.8% | +0.3% | -1.0% | |
| Q2 2022 | +11.1% | +18.4% | +22.5% | |
| Q1 2022 | -2.2% | +0.6% | +8.6% | |
| Q4 2021 | -7.4% | -10.2% | +4.7% | |
| Q3 2021 | -0.1% | -4.4% | -12.2% | |
| Q2 2021 | -3.4% | -3.1% | -8.4% | |
| Q1 2021 | +10.4% | +10.9% | +20.5% | |
| Q4 2020 | -1.8% | -13.5% | -20.6% | |
| Q3 2020 | -6.5% | -8.6% | +48.0% | |
| Q2 2020 | -9.3% | -9.7% | -6.5% | |
| Q1 2020 | -2.1% | -2.7% | +10.3% | |
| Q4 2019 | +8.7% | +4.9% | -29.5% | |
| Q3 2019 | +14.3% | +11.0% | +9.3% | |
| Q2 2019 | +6.0% | +1.7% | -11.7% | |
| Q1 2019 | +3.4% | -1.3% | -15.5% | |
| Q4 2018 | -5.2% | -4.5% | -14.3% | |
| Q3 2018 | -2.6% | +0.8% | -14.2% | |
| Q2 2018 | +10.8% | +14.9% | +5.8% | |
| Q1 2018 | +1.5% | +0.6% | +7.8% | |
| Q4 2017 | -0.8% | -7.3% | +2.3% | |
| Q3 2017 | -1.2% | +1.7% | -5.3% | |
| Q2 2017 | -0.7% | -4.4% | -8.5% | |
| Q1 2017 | -2.3% | -4.4% | -8.5% | |
| Q4 2016 | +4.7% | +5.2% | +0.6% | |
| Q3 2016 | -6.8% | -11.2% | -0.6% | |
| Q2 2016 | +3.5% | +2.0% | +10.5% | |
| Q1 2016 | +13.7% | — | — | |
| Q4 2015 | -6.8% | — | — | |
| Q3 2015 | +1.4% | — | — | |
| Q2 2015 | +5.4% | — | — | |
| Q1 2015 | -3.2% | — | — | |
| Q4 2014 | -7.2% | — | — | |
| Q3 2014 | -0.1% | — | — | |
| Q2 2014 | -3.5% | — | — | |
| Q1 2014 | -6.4% | — | — | |
| Q4 2013 | +0.1% | — | — | |
| Q3 2013 | +4.8% | — | — | |
| Q2 2013 | -1.4% | — | — | |
| Q1 2013 | -1.9% | — | — | |
| Q4 2012 | -5.4% | — | — | |
| Q3 2012 | -2.9% | — | — | |
| Q2 2012 | +9.4% | — | — | |
| Q1 2012 | -1.6% | — | — | |
| Q4 2011 | -1.3% | — | — | |
| Q3 2011 | -2.3% | — | — | |
| Q2 2011 | -11.8% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q4 2007 | -2.4% | — | — | |
| Q4 2010 | -2.4% | — | — | |
| Q3 2010 | +0.1% | — | — | |
| Q2 2010 | -1.0% | — | — | |
| Q1 2009 | +0.8% | — | — | |
| Q1 2010 | +2.8% | — | — | |
| Q4 2009 | +1.1% | — | — | |
| Q3 2008 | +4.9% | — | — | |
| Q3 2009 | +4.9% | — | — | |
| Q2 2009 | -1.1% | — | — | |
| Q2 2008 | -1.1% | — | — | |
| Q4 2008 | -1.1% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro