NOW Inc. (DNOW) to Release Earnings on Wednesday

NOW Inc. (NYSE:DNOW) is scheduled to be releasing its earnings data 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 announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.10). The business had revenue of $651.00 million during the quarter, compared to the consensus estimate of $674.97 million. NOW had a negative net margin of 7.14% and a negative return on equity of 7.83%. The business’s revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.40) EPS. 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 12.31 on Tuesday. The stock’s market cap is $1.33 billion. NOW Inc. has a one year low of $11.31 and a one year high of $23.53. The stock has a 50 day moving average of $13.00 and a 200-day moving average of $14.84.

A number of equities research analysts recently weighed in on DNOW shares. Stifel Nicolaus restated a “buy” rating on shares of NOW in a research note on Friday, July 14th. BidaskClub upgraded shares of NOW from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Credit Suisse Group set a $15.00 price objective on shares of NOW and gave the company a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of NOW from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. 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 research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.78.

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About NOW

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.

Earnings History for NOW (NYSE:DNOW)

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