DNOW Inc (DNOW) Q3 2024 Earnings Call Transcript
DNOW Inc (NYSE:DNOW ) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Brad Wise - Vice President, Digital Strategy and IR David Cherechinsky - President & Chief Executive Officer Mark Johnson - SVP & Chief Financial Officer Conference Call Participants Nathan Jones - Stifel Jeff Robertson - Water Tower Research Brad Wise We appreciate you joining us, and thank you for your interest in DNOW. With me today is David Cherechinsky, President and Chief Executive Officer; and Mark Johnson, Senior Vice President and Chief Financial Officer.
DNOW (DNOW) Beats Q3 Earnings and Revenue Estimates
DNOW (DNOW) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.25 per share a year ago.
Analysts Estimate DNOW (DNOW) to Report a Decline in Earnings: What to Look Out for
DNOW (DNOW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investing in DNOW (DNOW)? Don't Miss Assessing Its International Revenue Trends
Explore how DNOW's (DNOW) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.
NOW Investors Can Join ServiceNow, Inc. Securities Fraud Investigation With The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / August 9, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of ServiceNow, Inc. ("ServiceNow" or "the Company") (NYSE:NOW) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
DNOW Inc. (DNOW) Q2 2024 Earnings Call Transcript
DNOW Inc. (NYSE:DNOW ) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Brad Wise - Vice President, Digital Strategy and IR David Cherechinsky - President and CEO Mark Johnson - SVP and CFO Conference Call Participants Nathan Jones - Stifel Jeff Robertson - Water Tower Research Operator Good morning. My name is Rob, and I will be your conference operator today.
DNOW (DNOW) Q2 Earnings and Revenues Miss Estimates
DNOW (DNOW) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.25 per share a year ago.
ATTENTION NOW SHAREHOLDERS: Investors who lost money on ServiceNow, Inc. are urged to contact Levi & Korsinsky about an ongoing investigation
NEW YORK, NY / ACCESSWIRE / July 18, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of ServiceNow, Inc. ("ServiceNow") (NYSE:NOW) concerning possible violations of federal securities laws. On July 8, 2024, Guggenheim downgraded ServiceNow to Sell from Neutral, opining that the Company's apparent expectations with respect to generative artificial intelligence business in the second half of 2024 were overly optimistic and that ServiceNow was overpriced relative to the future risks that the Company faces.
Is DNOW INC (DNOW) Stock Outpacing Its Industrial Products Peers This Year?
Here is how DNOW (DNOW) and Luxfer (LXFR) have performed compared to their sector so far this year.
DNOW (DNOW) Upgraded to Strong Buy: Here's Why
DNOW (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: Good Long Term Driven By Energy Transition Projects
DNOW Inc's Canada segment saw a double-digit decline in Q1 2024 due to unfavorable weather events, but delayed projects are expected to drive sales in the future. The U.S. segment remains strong, and the addition of Whitco Supply should boost the company's overall revenue in 2024. DNOW's long-term margin outlook is promising, with expected volume growth and a focus on operational efficiencies and margin expansion.
Amalgamated Bank Cuts Stock Holdings in DNOW Inc. (NYSE:DNOW)
Amalgamated Bank cut its stake in DNOW Inc. (NYSE:DNOW – Free Report) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,762 shares of the oil and gas company’s stock after selling 3,048 shares during the period. Amalgamated Bank’s holdings in DNOW were worth $439,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in shares of DNOW by 17.5% in the 3rd quarter. American Century Companies Inc. now owns 4,282,131 shares of the oil and gas company’s stock valued at $50,829,000 after buying an additional 639,219 shares during the period. Wellington Management Group LLP lifted its stake in DNOW by 123.5% in the third quarter. Wellington Management Group LLP now owns 808,800 shares of the oil and gas company’s stock worth $9,600,000 after acquiring an additional 447,000 shares during the last quarter. Global Alpha Capital Management Ltd. grew its holdings in DNOW by 22.7% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,794,326 shares of the oil and gas company’s stock worth $21,299,000 after acquiring an additional 331,500 shares in the last quarter. AQR Capital Management LLC increased its position in shares of DNOW by 101.9% in the 3rd quarter. AQR Capital Management LLC now owns 451,370 shares of the oil and gas company’s stock valued at $5,358,000 after purchasing an additional 227,810 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of DNOW by 34.6% in the 4th quarter. Russell Investments Group Ltd. now owns 376,227 shares of the oil and gas company’s stock valued at $4,259,000 after purchasing an additional 96,710 shares in the last quarter. 97.63% of the stock is owned by institutional investors and hedge funds. DNOW Price Performance Shares of DNOW opened at $13.62 on Monday. DNOW Inc. has a 1-year low of $8.83 and a 1-year high of $15.57. The stock has a market cap of $1.45 billion, a PE ratio of 6.28 and a beta of 1.48. The firm has a fifty day moving average price of $14.65 and a 200 day moving average price of $12.28. DNOW (NYSE:DNOW – Get Free Report) last posted its earnings results on Friday, May 10th. The oil and gas company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The firm had revenue of $563.00 million during the quarter, compared to analysts’ expectations of $569.15 million. DNOW had a net margin of 10.30% and a return on equity of 10.39%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. As a group, equities analysts expect that DNOW Inc. will post 1.06 EPS for the current fiscal year. Analyst Upgrades and Downgrades Several equities analysts recently commented on the company. Stifel Nicolaus increased their target price on DNOW from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, March 28th. StockNews.com lowered DNOW from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 28th. Finally, Susquehanna lowered their price target on DNOW from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, May 13th. View Our Latest Report on DNOW DNOW Company Profile (Free Report) DNOW Inc distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations in the United States, Canada, and internationally. The company provides consumable maintenance, repair, and operating supplies; pipes, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as artificial lift systems, coatings, and miscellaneous expendable items.
