Nov Inc. (NOV) reported $2.09 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 21.2%. EPS of $0.39 for the same period compares to $0.18 a year ago.

The reported revenue represents a surprise of +1.14% over the Zacks Consensus Estimate of $2.07 billion. With the consensus EPS estimate being $0.30, the EPS surprise was +30.00%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Nov Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Completion & Production Solutions - Backlog: $1.59 billion versus $1.63 billion estimated by four analysts on average.

• Rig Technologies - Backlog: $2.89 billion versus the four-analyst average estimate of $2.94 billion.

• Completion & Production Solutions - New Orders Booked: $450 million versus $498.52 million estimated by four analysts on average.

• Rig Technologies - New Orders Booked: $222 million compared to the $264.63 million average estimate based on four analysts.

• Rig Technologies - Orders Shipped: $205 million versus $199.91 million estimated by four analysts on average.

• Completion & Production Solutions - Orders Shipped: $477 million versus the four-analyst average estimate of $473.39 million.

• Completion & Production Solutions - Book-to-Bill: 94% compared to the 98.79% average estimate based on three analysts.

• Rig Technologies - Book-to-Bill: 108% versus 140.25% estimated by three analysts on average.

• Revenue- Wellbore Technologies: $804 million compared to the $783.08 million average estimate based on eight analysts. The reported number represents a change of +20.7% year over year.

• Revenue- Completion & Production Solutions: $753 million compared to the $750.11 million average estimate based on eight analysts. The reported number represents a change of +17.8% year over year.

• Revenue- Rig Technologies: $606 million versus $588.24 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +31.2% change.

• Revenue- Eliminations: -$70 million compared to the -$53.99 million average estimate based on seven analysts.