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Should You Buy DNOW Ahead of Earnings?
Zacks Investment Research· 2024-05-09 15:06
Investors are always looking for stocks that are poised to beat at earnings season and DNOW Inc. (DNOW) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because DNOW is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of s ...
DNOW Gears Up to Report Q1 Earnings: What Should You Expect?
Zacks Investment Research· 2024-05-08 16:56
DNOW Inc. (DNOW) is scheduled to release first-quarter 2024 results on May 10, before market open.The company has an impressive earnings surprise history, having beat the Zacks Consensus Estimate in three of the preceding four quarters while missing the mark in one. The earnings surprise was 15.6%, on average.Let’s see how things have shaped up for DNOW this earnings season.Factors to NoteStronger project activity and an increase in international rig count are expected to have supported DNOW’s international ...
Can DNOW (DNOW) Keep the Earnings Surprise Streak Alive?
Zacks Investment Research· 2024-04-30 17:11
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider DNOW (DNOW) . This company, which is in the Zacks Manufacturing - General Industrial industry, shows potential for another earnings beat.When looking at the last two reports, this energy and industrial distribution company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 25.42% ...
DNOW (DNOW) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Zacks Investment Research· 2024-04-25 23:21
DNOW (DNOW) closed at $14.68 in the latest trading session, marking a -0.61% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.46%. Meanwhile, the Dow experienced a drop of 0.98%, and the technology-dominated Nasdaq saw a decrease of 0.64%.The energy and industrial distribution company's stock has dropped by 3.15% in the past month, falling short of the Industrial Products sector's loss of 2.71% and the S&P 500's loss of 3.04%.The upcoming earnings release of DNOW wi ...
Is DNOW INC (DNOW) Stock Outpacing Its Industrial Products Peers This Year?
Zacks Investment Research· 2024-04-11 14:46
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is DNOW (DNOW) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.DNOW is a member of our Industrial Products group, which includes 222 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank co ...
Here is What to Know Beyond Why DNOW Inc. (DNOW) is a Trending Stock
Zacks Investment Research· 2024-04-09 14:01
DNOW (DNOW) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this energy and industrial distribution company have returned +6%, compared to the Zacks S&P 500 composite's +1.7% change. During this period, the Zacks Manufacturing - General Industrial industry, which DNOW falls in, has gained 3.2%. The key question now is: What could be the stock's future dir ...
Why the Market Dipped But DNOW (DNOW) Gained Today
Zacks Investment Research· 2024-04-08 23:06
DNOW (DNOW) closed the latest trading day at $15.43, indicating a +1.78% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.04%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, added 0.03%.Coming into today, shares of the energy and industrial distribution company had gained 2.92% in the past month. In that same time, the Industrial Products sector gained 6.82%, while the S&P 500 gained 2.57%.The investment community will be paying c ...
DNOW INC (DNOW) Upgraded to Strong Buy: Here's What You Should Know
Zacks Investment Research· 2024-03-20 17:06
DNOW (DNOW) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing ...
Best Value Stocks to Buy for March 20th
Zacks Investment Research· 2024-03-20 15:35
Here are three stocks with buy rank and strong value characteristics for investors to consider today, March 20th:  International Money Express (IMXI) : This company that offer wire transfer and other processing services to customers through network of sending and paying agents located primarily in the District of Columbia and Puerto Rico as well as throughout Latin America, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.2% over ...
Best Momentum Stock to Buy for March 20th
Zacks Investment Research· 2024-03-20 13:05
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 20th:DNOW INC (DNOW) : This company which is a supplier of energy and industrial products and packaged, engineered process and production equipment, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.DNOW’s shares gained 28.4% over the last three month compared with the S&P 500’s gain of 10.2%. The company ...