DNOW Stock Recent News

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.

NOW, Inc. (NYSE:DNOW ) Q2 2023 Earnings Conference Call August 2, 2023 9:00 AM ET Company Participants Brad Wise - vice President-Digital Strategy and Investor Relations David Cherechinsky - President and Chief Executive Officer and Director Mark Johnson - Senior Vice President and Chief Financial Officer Conference Call Participants Adam Farley - Stifel Financial Corp. Jeff Robertson - Water Tower Research Douglas Becker - Capital One Financial Operator Good morning. My name is Chris, and I'll be your conference operator today.

Now (DNOW) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.26 per share a year ago.

Investors need to pay close attention to NOW (DNOW) stock based on the movements in the options market lately.

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

The average of price targets set by Wall Street analysts indicates a potential upside of 44.1% in Now (DNOW). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Following the acquisitions, DNOW has enhanced revenue opportunities. With integrated supply chain services, it lowered its operating expenses and improved inventory levels.