Dnow Inc Reports Results For The Quarter Ended In September 30: Earnings Summary

DNOW

07/11/2024 17:21

* DNOW Inc  DNOW.N  reported quarterly adjusted earnings of
21
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 25
cents.  The mean expectation of four analysts for the quarter
was for earnings of 21 cents per share. Wall Street expected
results to range from 19 cents to 24 cents per share.
    * Revenue rose 3.1% to $606.00 million from a year ago;
analysts
expected $614.93 million. 
    * DNOW Inc's reported EPS for the quarter was 12 cents​.
    * The company reported quarterly net income of $13 million.
    * DNOW Inc shares had risen by 6.3% this quarter and
gained 21.5%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for DNOW Inc is
$15.00 
This summary was machine generated from LSEG data November 7 at
05:21 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.21           0.21           Met
 Jun. 30 2024      0.24           0.25           Beat
 Mar. 31 2024      0.23           0.21           Missed
 Dec. 31 2023      0.17           0.22           Beat