NOW Inc. (DNOW) to Release Earnings on Wednesday
NOW Inc. (NYSE:DNOW) will post its quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect NOW to post earnings of ($0.02) per share for the quarter.
NOW (NYSE:DNOW) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.10) EPS for the quarter, hitting analysts’ consensus estimates of ($0.10). NOW had a negative return on equity of 7.83% and a negative net margin of 7.14%. The company had revenue of $651.00 million for the quarter, compared to analysts’ expectations of $674.97 million. During the same period in the prior year, the firm earned ($0.40) earnings per share. The firm’s revenue was up 29.9% compared to the same quarter last year. On average, analysts expect NOW to post $-0.28 EPS for the current fiscal year and $0.28 EPS for the next fiscal year.
NOW Inc. (DNOW) opened at 12.25 on Wednesday. NOW Inc. has a 1-year low of $11.31 and a 1-year high of $23.53. The firm’s market capitalization is $1.32 billion. The firm’s 50-day moving average price is $12.99 and its 200-day moving average price is $15.00.
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Several brokerages have recently issued reports on DNOW. BidaskClub cut shares of NOW from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Zacks Investment Research cut shares of NOW from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Stifel Nicolaus set a $18.00 price objective on shares of NOW and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Cowen and Company set a $14.00 price objective on shares of NOW and gave the company a “hold” rating in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.78.
NOW Company Profile
NOW Inc (NOW) is a global distributor to the oil and gas and industrial markets. The Company operates under the DistributionNOW and Wilson Export brands. Its segments include the United States, Canada and International. As of December 31, 2016, its segments, the United States, Canada and International, had over 200, 55 and 35 locations, respectively.
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