DNOW Stock Recent News

Here is how DNOW (DNOW) and Mitsui & Co. (MITSY) have performed compared to their sector so far this year.

DNOW INC (DNOW) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

DNOW, TOL and NS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 20, 2024.

DNOW (DNOW) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Here is how DNOW (DNOW) and Tetra Tech (TTEK) have performed compared to their sector so far this year.

DNOW (DNOW) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

DNOW easily surpassed Wall Street expectations in the fourth quarter and generated a lot more cash in 2023 than management had expected a year ago. The stock hasn't been a winner in recent years, and investors should be cautious about chasing this surge.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

DNOW continues to invest in supercenters and has won large project awards in various sectors, indicating potential growth opportunities. Near-term outlook is affected by customer budget exhaustion and fewer business days, but cash flow growth in 2023 improves financial strength. Iron and steel prices have decreased, which could ease DNOW's margin, but the rate of decline has slowed. Overall, the stock appears reasonably valued.

HOUSTON--(BUSINESS WIRE)--NOW Inc. Announces Third Quarter 2023 Earnings Conference Call.