DowDuPont Inc. , which was formed through the merger of Dow Chemical and DuPont, engages in agriculture, materials science, and specialty products businesses globally. The merger was closed on Aug 31, 2017, and DowDuPont started trading on the NYSE on Sep 1. The company plans to eventually break up into three independent companies.
Let’s have a quick look at the company’s third-quarter 2017 release.
Estimate Trend
Investors should note that the earnings estimate for DowDuPont for the third quarter has seen an uptrend over the past month.
Earnings
DowDuPont raked in adjusted earnings of 55 cents per share that were in line with the Zacks Consensus Estimate.
Revenues
DowDuPont logged net sales of $15,354 million, up roughly 23% year over year.
Key Stats/Developments to Note
DowDuPont said that it will remain focused on executing its near-term priorities that include delivering earnings and cash flow growth, executing its $3 billion cost synergy initiatives and advancing stand-up activities to create three growth companies in Agriculture, Materials Science and Specialty Products.
Zacks Rank
DowDuPont currently carries a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.
Market Reaction
DowDuPont’s shares were up 0.3% in 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 DowDuPont’s earnings report!
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DowDuPont (DWDP) Q3 Earnings Meet, Revenues Up Y/Y
DowDuPont Inc. , which was formed through the merger of Dow Chemical and DuPont, engages in agriculture, materials science, and specialty products businesses globally. The merger was closed on Aug 31, 2017, and DowDuPont started trading on the NYSE on Sep 1. The company plans to eventually break up into three independent companies.
Let’s have a quick look at the company’s third-quarter 2017 release.
Estimate Trend
Investors should note that the earnings estimate for DowDuPont for the third quarter has seen an uptrend over the past month.
Earnings
DowDuPont raked in adjusted earnings of 55 cents per share that were in line with the Zacks Consensus Estimate.
Revenues
DowDuPont logged net sales of $15,354 million, up roughly 23% year over year.
Key Stats/Developments to Note
DowDuPont said that it will remain focused on executing its near-term priorities that include delivering earnings and cash flow growth, executing its $3 billion cost synergy initiatives and advancing stand-up activities to create three growth companies in Agriculture, Materials Science and Specialty Products.
Zacks Rank
DowDuPont currently carries a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.
Market Reaction
DowDuPont’s shares were up 0.3% in 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 DowDuPont’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 >>