For the third quarter of 2026, analysts expect NOV Inc. to report consensus revenue of $2.18 billion and earnings per share of $0.24, with the current stock price of $16.42 trading well below the average analyst price target of $22.50.
Investors are primarily focused on the Energy Equipment and Technology segment revenue as a gauge for international and offshore market strength. Recent performance has been impacted by cooling North American land activity, which has forced a strategic pivot toward higher-margin offshore projects. Management's commentary on the Rig Technologies book-to-bill ratio will be critical for assessing the long-term equipment replacement cycle.