DNOW Stock Recent News

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.

NOW Inc. (NYSE:DNOW ) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Brad Wise - VP of Digital Strategy and IR David Cherechinsky - President and CEO Mark Johnson - SVP and CFO Conference Call Participants Thomas Moll - Stephens Inc. Douglas Becker - Capital One Adam Farley - Stifel Jeffrey Robertson - Water Tower Research Operator Good morning, afternoon, evening. My name is Bhavesh, and I'll be your conference operator today.

Now (DNOW) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.14 per share a year ago.

Energy companies like NOW Inc. (DNOW), Par Pacific Holdings (PARR) and Sunoco LP (SUN) see solid gains in 2023.

Now (DNOW) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.