NOW Inc (NYSE: DNOW) has reported earnings for its second fiscal quarter (ending June 30) of $0.21 versus $0.31 for the same period a year ago — a decline of -32%. This performance was $-0.03 short of the consensus estimate of $0.24. E.P.S. were $2.09 for the latest four quarters through June 30 versus $1.22 for the same period a year ago — an increase of 71%.
Recent Price Action
On 8/7/24, NOW Inc (NYSE: DNOW) stock declined by -4.4%, closing at $13.44. Moreover, trading volume in this decline was above average at 133% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -12.3% during the last week.
Current PriceTarget Research Rating
DNOW’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
NOW has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. NOW has a neutral Appreciation Score of 54 but a good Power Rating of 85, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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