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Now (DNOW)
NYSE:DNOW
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.14Last Year’s EPS
$0.22Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -6.25%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While the company showcased strong free cash flow generation, an upgraded forecast, and digital revenue growth, it faced challenges with declining U.S. and international revenues, project delays, and customer consolidation impacts.Company Guidance
During the DNOW Q3 2024 earnings call, the company provided guidance indicating a seasonal decline in revenue for the fourth quarter, with expectations of a high single-digit sequential decrease. Despite the challenges in the oil and gas market, DNOW anticipates modest full-year revenue growth compared to 2023. The company has upgraded its forecast for 2024 free cash flow to approximately $215 million, with cash from operations expected to reach around $225 million. DNOW also highlighted a solid EBITDA performance, projecting the full-year EBITDA as a percentage of revenue to approach 7%. The company's strategic focus remains on expanding its midstream business and energy evolution activities, which currently account for about 20% of its total revenue. Additionally, DNOW continues to prioritize organic growth, M&A, and share repurchases as part of its capital allocation strategy, with $74 million of the $80 million share repurchase program already executed.Strong Free Cash Flow Generation
Generated significant free cash flow of $72 million in Q3, accumulating to $273 million over the trailing 4 quarters.
Upgraded Free Cash Flow Forecast
Upgraded 2024 free cash flow forecast from $150 million to $215 million.
U.S. Process Solutions Best Year
U.S. Process Solutions had its best year ever in terms of financial performance, contributing significantly to growth.
Expansion in Digital Revenue
Digital revenue as a percent of total SAP revenue improved to 52% during the quarter.
No Debt and Strong Cash Position
Ended Q3 with $261 million in cash and no debt, providing flexibility for strategic opportunities.
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DNOW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DNOW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $13.75 | $13.74 | -0.07% |
| Aug 07, 2024 | $14.06 | $13.44 | -4.41% |
| May 10, 2024 | $14.87 | $13.28 | -10.69% |
| Feb 15, 2024 | $9.81 | $11.75 | +19.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Now (DNOW) report earnings?
Now (DNOW) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Now (DNOW) earnings time?
Now (DNOW) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DNOW EPS forecast?
DNOW EPS forecast for the fiscal quarter 2024 (Q4) is $0.14.
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