Wall Street brokerages forecast that NOW Inc (NYSE:DNOW) will announce earnings of $0.11 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for NOW’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.16. NOW posted earnings per share of ($0.03) in the same quarter last year, which indicates a positive year-over-year growth rate of 466.7%. The business is expected to issue its next earnings results before the market opens on Thursday, November 1st.

According to Zacks, analysts expect that NOW will report full year earnings of $0.30 per share for the current year, with EPS estimates ranging from $0.16 to $0.37. For the next financial year, analysts expect that the company will report earnings of $0.61 per share, with EPS estimates ranging from $0.39 to $0.80. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow NOW.

NOW (NYSE:DNOW) last announced its earnings results on Thursday, August 2nd. The oil and gas company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.07. The business had revenue of $777.00 million for the quarter, compared to analyst estimates of $761.78 million. NOW had a return on equity of 0.76% and a net margin of 0.14%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.10) EPS.

A number of equities analysts have recently issued reports on the company. Robert W. Baird reiterated a “hold” rating and issued a $17.00 price objective on shares of NOW in a report on Friday, August 3rd. ValuEngine upgraded NOW from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Susquehanna Bancshares set a $16.00 price objective on NOW and gave the stock a “hold” rating in a report on Friday, August 3rd. Stifel Nicolaus upped their price objective on NOW from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. Finally, Cowen upped their price objective on NOW from $12.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.50.

NYSE DNOW traded down $0.07 during trading on Friday, reaching $15.80. The company’s stock had a trading volume of 1,362,416 shares, compared to its average volume of 1,199,626. The firm has a market capitalization of $1.72 billion, a P/E ratio of -58.52 and a beta of 1.05. The company has a quick ratio of 1.45, a current ratio of 2.89 and a debt-to-equity ratio of 0.16. NOW has a one year low of $9.12 and a one year high of $18.56.

A number of hedge funds have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. boosted its holdings in NOW by 0.4% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 729,581 shares of the oil and gas company’s stock valued at $9,725,000 after acquiring an additional 2,911 shares during the period. Grandeur Peak Global Advisors LLC boosted its holdings in NOW by 0.6% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 505,460 shares of the oil and gas company’s stock valued at $6,738,000 after acquiring an additional 3,000 shares during the period. CWM LLC boosted its holdings in NOW by 8.2% during the 2nd quarter. CWM LLC now owns 46,417 shares of the oil and gas company’s stock valued at $619,000 after acquiring an additional 3,518 shares during the period. Neuburgh Advisers LLC boosted its holdings in NOW by 51.7% during the 2nd quarter. Neuburgh Advisers LLC now owns 10,560 shares of the oil and gas company’s stock valued at $141,000 after acquiring an additional 3,600 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in NOW by 6.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 65,078 shares of the oil and gas company’s stock valued at $867,000 after acquiring an additional 3,998 shares during the period.

NOW Company Profile

NOW Inc distributes energy and industrial products in the United States, Canada, and internationally. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, instrumentations, artificial lift, pumping solutions, valve actuation and modular process, measurement and control equipment, process equipment, pumps, OEM parts, coatings, mill supplies, and safety supplies, as well as provides application systems, work processes, parts integration, optimization solutions, and after-sales support services.

Recommended Story: Discover Your Risk Tolerance

Get a free copy of the Zacks research report on NOW (DNOW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for NOW (NYSE:DNOW)

Receive News & Ratings for NOW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NOW and related companies with MarketBeat.com's FREE daily email newsletter.