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DuPont de Nemours (DD) Stock Moves -0.91%: What You Should Know
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In the latest trading session, DuPont de Nemours (DD - Free Report) closed at $81.79, marking a -0.91% move from the previous day. This change was narrower than the S&P 500's 1.94% loss on the day. Elsewhere, the Dow lost 1.07%, while the tech-heavy Nasdaq lost 0.39%.
Prior to today's trading, shares of the specialty chemicals maker had gained 6.45% over the past month. This has lagged the Basic Materials sector's gain of 7.06% and outpaced the S&P 500's gain of 5.72% in that time.
Wall Street will be looking for positivity from DuPont de Nemours as it approaches its next earnings report date. On that day, DuPont de Nemours is projected to report earnings of $1.01 per share, which would represent year-over-year growth of 6.32%. Our most recent consensus estimate is calling for quarterly revenue of $4 billion, down 23.89% from the year-ago period.
Any recent changes to analyst estimates for DuPont de Nemours should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Within the past 30 days, our consensus EPS projection remained stagnant. DuPont de Nemours is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note DuPont de Nemours's current valuation metrics, including its Forward P/E ratio of 17. This represents a premium compared to its industry's average Forward P/E of 12.68.
Also, we should mention that DD has a PEG ratio of 1.44. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Chemical - Diversified stocks are, on average, holding a PEG ratio of 1.07 based on yesterday's closing prices.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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DuPont de Nemours (DD) Stock Moves -0.91%: What You Should Know
In the latest trading session, DuPont de Nemours (DD - Free Report) closed at $81.79, marking a -0.91% move from the previous day. This change was narrower than the S&P 500's 1.94% loss on the day. Elsewhere, the Dow lost 1.07%, while the tech-heavy Nasdaq lost 0.39%.
Prior to today's trading, shares of the specialty chemicals maker had gained 6.45% over the past month. This has lagged the Basic Materials sector's gain of 7.06% and outpaced the S&P 500's gain of 5.72% in that time.
Wall Street will be looking for positivity from DuPont de Nemours as it approaches its next earnings report date. On that day, DuPont de Nemours is projected to report earnings of $1.01 per share, which would represent year-over-year growth of 6.32%. Our most recent consensus estimate is calling for quarterly revenue of $4 billion, down 23.89% from the year-ago period.
Any recent changes to analyst estimates for DuPont de Nemours should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Within the past 30 days, our consensus EPS projection remained stagnant. DuPont de Nemours is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note DuPont de Nemours's current valuation metrics, including its Forward P/E ratio of 17. This represents a premium compared to its industry's average Forward P/E of 12.68.
Also, we should mention that DD has a PEG ratio of 1.44. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Chemical - Diversified stocks are, on average, holding a PEG ratio of 1.07 based on yesterday's closing prices.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.