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Dow Inc. (DOW) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Dow Inc. (DOW - Free Report) closed at $50.56, marking a -0.28% move from the previous day. This move lagged the S&P 500's daily gain of 0.75%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.01%.
Coming into today, shares of the materials science had gained 6.33% in the past month. In that same time, the Basic Materials sector gained 9.13%, while the S&P 500 gained 3.49%.
Dow Inc. will be looking to display strength as it nears its next earnings release, which is expected to be January 26, 2023. The company is expected to report EPS of $0.55, down 74.42% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $12.08 billion, down 15.91% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.36 per share and revenue of $56.63 billion. These totals would mark changes of -29.18% and +3.02%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Dow Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Dow Inc. is currently sporting a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Dow Inc. has a Forward P/E ratio of 7.97 right now. This valuation marks a discount compared to its industry's average Forward P/E of 9.99.
It is also worth noting that DOW currently has a PEG ratio of 1.59. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DOW's industry had an average PEG ratio of 1.73 as of yesterday's close.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 224, putting it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Dow Inc. (DOW) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Dow Inc. (DOW - Free Report) closed at $50.56, marking a -0.28% move from the previous day. This move lagged the S&P 500's daily gain of 0.75%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.01%.
Coming into today, shares of the materials science had gained 6.33% in the past month. In that same time, the Basic Materials sector gained 9.13%, while the S&P 500 gained 3.49%.
Dow Inc. will be looking to display strength as it nears its next earnings release, which is expected to be January 26, 2023. The company is expected to report EPS of $0.55, down 74.42% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $12.08 billion, down 15.91% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.36 per share and revenue of $56.63 billion. These totals would mark changes of -29.18% and +3.02%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Dow Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Dow Inc. is currently sporting a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Dow Inc. has a Forward P/E ratio of 7.97 right now. This valuation marks a discount compared to its industry's average Forward P/E of 9.99.
It is also worth noting that DOW currently has a PEG ratio of 1.59. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DOW's industry had an average PEG ratio of 1.73 as of yesterday's close.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 224, putting it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.