DistributionNOW Forecasts 72.6% Q4 Revenue Increase to $985.6M
DNOW posted Q3 revenues of $634 million, up 4.6% year-on-year, beating analysts on EPS and EBITDA. For Q4, analysts forecast 72.6% revenue growth to $985.6 million and $0.15 adjusted EPS, with price targets averaging $17 versus recent share performance up 15.7%.
1. Third-Quarter Results
DNOW delivered Q3 revenues of $634 million, marking a 4.6% year-on-year increase. The company surpassed analysts’ EPS and EBITDA estimates, continuing a trend of operational efficiency and margin resilience.
2. Fourth-Quarter Forecast
Analysts project Q4 revenues of $985.6 million, a 72.6% rise from last year’s $571 million, with adjusted EPS of $0.15. Consensus price targets stand at $17, suggesting upside from the recent share price.
3. Peer Comparisons and Sentiment
In the industrial distributors segment, Watsco saw a 10% revenue decline while Richardson Electronics grew 5.7%, indicating mixed demand trends. Investor sentiment is positive, with DNOW shares up 15.7% over the past month versus a 7.8% sector average gain.