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

• DNOW Inc. DNOW.N reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 26 cents. The mean expectation of six analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 13 cents to 17 cents per share.

• Revenue rose 110.9% to $1.34 billion from a year ago; analysts expected $1.35 billion.

• DNOW Inc.'s reported EPS for the quarter was 14 cents​.

• The company reported quarterly net income of $26 million.

• DNOW Inc. shares had fallen by 0.8% this quarter and gained 16.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," no "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 $19.00, about 19.1% above its last closing price of $15.37

This summary was machine generated from LSEG data November 5 at 08:13 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)