NOW Inc. (NYSE:DNOW) is reporting third quarter earnings results on Wednesday 4th November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.24 per share.
For the full year, analysts predict revenues of $ 1612.34 million, while looking forward to loss of $ 0.71 per share.
Previous Quarter Performance
NOW Inc. posted loss for the second quarter of $ 0.16 per share, from the revenue of $ 370.00 million. The quarterly revenues dropped 52.32 percent compared with the same quarter last year. Street analysts expected NOW Inc. to report loss of $ 0.31 per share on revenue of $ 369.96 million for the second quarter. The bottom line results beat street analysts by $ 0.15 or 48.39 percent, at the same time, top line results outshined analysts by $ 0.04 million or 0.01 percent.
Stock Performance
Shares of NOW Inc. traded low $ -0.05 or -1.09 percent on Tuesday, reaching $ 4.55 with volume of 1.38 million shares. NOW Inc. has traded high as $ 4.80 and has cracked $ 4.39 on the downward trend
According to the previous trading day, closing price of $ 4.55, representing a 14.14 % increase from the 52 week low of $ 4.03 and a 63.92 % decrease over the 52 week high of $ 12.75.
The company has a market capital of $ 497.68 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Conference Call
NOW Inc. will be hosting a conference call at 8:00 AM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.distributionnow.com
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, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as applied products and applications, such as artificial lift systems, coatings, and other expendable items.
