DNOW Inc reports results for the quarter ended in September 30 - Earnings Summary

Reuters11-08

* DNOW Inc reported quarterly adjusted earnings of 21 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of four analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 19 cents to 24 cents per share.

* Revenue rose 3.1% to $606.00 million from a year ago; analysts expected $614.93 million.

* DNOW Inc's reported EPS for the quarter was 12 cents​.

* The company reported quarterly net income of $13 million.

* DNOW Inc shares had risen by 6.3% this quarter and gained 21.5% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 9.7% in the last three months.​

* In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for DNOW Inc is $15.00 This summary was machine generated from LSEG data November 7 at 05:21 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 0.21 0.21 Met

Jun. 30 2024 0.24 0.25 Beat

Mar. 31 2024 0.23 0.21 Missed

Dec. 31 2023 0.17 0.22 Beat

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