MRC (MRC) Surges 11.8%: Is This an Indication of Further Gains?

Company Overview - MRC Global shares increased by 11.8% to $14.89 in the last trading session, with a higher-than-average trading volume, compared to a 6.2% gain over the past four weeks [1] - MRC Global is set to be acquired by DNOW Inc. for approximately $1.5 billion, including net debt, with the acquisition expected to close in Q4 2025, pending regulatory approvals [2] Financial Performance - MRC Global is projected to report quarterly earnings of $0.23 per share, reflecting a year-over-year decline of 25.8%, with expected revenues of $771.6 million, down 7.3% from the previous year [3] - The consensus EPS estimate for MRC has remained unchanged over the last 30 days, indicating a lack of upward revisions in earnings estimates [4] Industry Context - MRC Global operates within the Zacks Steel - Pipe and Tube industry, where Mueller Water Products, another company in the same sector, experienced a 0.6% decline in its stock price [5] - Mueller Water Products has seen a 6.3% increase in its consensus EPS estimate over the past month, indicating a positive trend compared to the previous year [6]