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Dow Chemical (DOW) Tops Q4 Earnings & Revenue Estimates
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Dow Chemical (DOW - Free Report) is the biggest U.S. chemical maker by sales, offering a vast range of chemical, plastic and agricultural products and services. As the company’s products are used in almost every industry, its results put a spotlight on end market scenario and demand trends for chemical products across a bevy of industries.
Dow is aggressively pursuing its productivity and growth actions as well as its cost-reduction initiatives amid a still challenging operating backdrop. Moreover, Dow continues to seek opportunities to optimize its portfolio by selectively divesting underperforming assets and gradually shift focus to high-growth markets.
Let’s have a quick look at this chemical behemoth’s fourth-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Dow for the fourth quarter has been static over the past week. Dow has beaten the Zacks Consensus Estimate in the trailing 4 quarters with an average beat of 16.40%. Investors have been eagerly awaiting Dow’s latest earnings report to see whether it continues the winning streak.
Dow logged adjusted earnings of 99 cents per share that topped the Zacks Consensus Estimate of 88 cents.
Revenues
Dow recorded net sales of $13,020 million, up roughly 14% year over year. That surpassed the Zacks Consensus Estimate of $12,479 million.
Key Stats/Developments to Note
Dow is witnessing signs of positive economic momentum with the U.S. currently in expansionary mode while Europe continues its gradual recovery notwithstanding growing political uncertainty and geopolitical tensions. Moreover, sustained growth of middle class continues to drive demand in Asia. The company also envisions improvement in Latin America with slow but stable gains in Brazil.
Zacks Rank
Dow currently has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.
Market Reaction
Dow’s shares rose around 2.3% in the pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Dow’s earnings report!
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Dow Chemical (DOW) Tops Q4 Earnings & Revenue Estimates
Dow Chemical (DOW - Free Report) is the biggest U.S. chemical maker by sales, offering a vast range of chemical, plastic and agricultural products and services. As the company’s products are used in almost every industry, its results put a spotlight on end market scenario and demand trends for chemical products across a bevy of industries.
Dow is aggressively pursuing its productivity and growth actions as well as its cost-reduction initiatives amid a still challenging operating backdrop. Moreover, Dow continues to seek opportunities to optimize its portfolio by selectively divesting underperforming assets and gradually shift focus to high-growth markets.
Let’s have a quick look at this chemical behemoth’s fourth-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Dow for the fourth quarter has been static over the past week. Dow has beaten the Zacks Consensus Estimate in the trailing 4 quarters with an average beat of 16.40%. Investors have been eagerly awaiting Dow’s latest earnings report to see whether it continues the winning streak.
Dow Chemical Company (The) Price and EPS Surprise
Dow Chemical Company (The) Price and EPS Surprise | Dow Chemical Company (The) Quote
Earnings
Dow logged adjusted earnings of 99 cents per share that topped the Zacks Consensus Estimate of 88 cents.
Revenues
Dow recorded net sales of $13,020 million, up roughly 14% year over year. That surpassed the Zacks Consensus Estimate of $12,479 million.
Key Stats/Developments to Note
Dow is witnessing signs of positive economic momentum with the U.S. currently in expansionary mode while Europe continues its gradual recovery notwithstanding growing political uncertainty and geopolitical tensions. Moreover, sustained growth of middle class continues to drive demand in Asia. The company also envisions improvement in Latin America with slow but stable gains in Brazil.
Zacks Rank
Dow currently has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.
Market Reaction
Dow’s shares rose around 2.3% in the pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Dow’s earnings report!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>