NOW Inc reports results for the quarter ended in September - Earnings Summary

DNOW

02/11/2023 14:31

* NOW Inc  DNOW.N  reported quarterly adjusted earnings of
25
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 30
cents.  The mean expectation of four analysts for the quarter
was for earnings of 25 cents per share. Wall Street expected
results to range from 24 cents to 27 cents per share.
    * Revenue rose 1.9% to $588.00 million from a year ago;
analysts
expected $603.33 million. 
    * NOW Inc's reported EPS for the quarter was 32 cents​.
    * The company reported quarterly net income of $35 million.
    * NOW Inc shares had fallen by 5.7% this quarter and
lost 11.9% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 NOW Inc is $14.00
This summary was machine generated from LSEG data November 2 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.25           0.25           Met
 Jun. 30 2023      0.25           0.25           Met
 Mar. 31 2023      0.23           0.25           Beat
 Dec. 31 2022      0.21           0.25           Beat