We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Dow Inc. (DOW) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
In the latest trading session, Dow Inc. (DOW - Free Report) closed at $63.22, marking a +0.22% move from the previous day. This change lagged the S&P 500's 0.35% gain on the day.
Heading into today, shares of the materials science had lost 7.24% over the past month, lagging the Basic Materials sector's loss of 1% and the S&P 500's gain of 3.64% in that time.
DOW will be looking to display strength as it nears its next earnings release, which is expected to be July 22, 2021. On that day, DOW is projected to report earnings of $2.34 per share, which would represent year-over-year growth of 1000%. Our most recent consensus estimate is calling for quarterly revenue of $12.66 billion, up 51.54% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.08 per share and revenue of $48.36 billion. These totals would mark changes of +326.51% and +25.48%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for DOW. These revisions help to show the ever-changing nature of near-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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 5.73% higher within the past month. DOW is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note DOW's current valuation metrics, including its Forward P/E ratio of 8.91. This valuation marks a discount compared to its industry's average Forward P/E of 12.9.
Investors should also note that DOW has a PEG ratio of 0.32 right now. 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. The Chemical - Diversified was holding an average PEG ratio of 1.11 at yesterday's closing price.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Dow Inc. (DOW) Gains But Lags Market: What You Should Know
In the latest trading session, Dow Inc. (DOW - Free Report) closed at $63.22, marking a +0.22% move from the previous day. This change lagged the S&P 500's 0.35% gain on the day.
Heading into today, shares of the materials science had lost 7.24% over the past month, lagging the Basic Materials sector's loss of 1% and the S&P 500's gain of 3.64% in that time.
DOW will be looking to display strength as it nears its next earnings release, which is expected to be July 22, 2021. On that day, DOW is projected to report earnings of $2.34 per share, which would represent year-over-year growth of 1000%. Our most recent consensus estimate is calling for quarterly revenue of $12.66 billion, up 51.54% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.08 per share and revenue of $48.36 billion. These totals would mark changes of +326.51% and +25.48%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for DOW. These revisions help to show the ever-changing nature of near-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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 5.73% higher within the past month. DOW is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note DOW's current valuation metrics, including its Forward P/E ratio of 8.91. This valuation marks a discount compared to its industry's average Forward P/E of 12.9.
Investors should also note that DOW has a PEG ratio of 0.32 right now. 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. The Chemical - Diversified was holding an average PEG ratio of 1.11 at yesterday's closing price.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.