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) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Dow Inc. (DOW - Free Report) closed the most recent trading day at $57.41, moving -1.96% from the previous trading session. This change lagged the S&P 500's daily gain of 1.46%. At the same time, the Dow added 1%, and the tech-heavy Nasdaq lost 0.17%.
Coming into today, shares of the materials science had lost 16.31% in the past month. In that same time, the Basic Materials sector lost 3.64%, while the S&P 500 lost 6.94%.
Dow Inc. will be looking to display strength as it nears its next earnings release, which is expected to be July 21, 2022. The company is expected to report EPS of $2.12, down 22.06% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $15.58 billion, up 12.18% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.25 per share and revenue of $60.22 billion, which would represent changes of -8.13% and +9.55%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Dow Inc.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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 0.92% higher within the past month. Dow Inc. is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Dow Inc. currently has a Forward P/E ratio of 7.1. For comparison, its industry has an average Forward P/E of 9.82, which means Dow Inc. is trading at a discount to the group.
Investors should also note that DOW has a PEG ratio of 0.24 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. Chemical - Diversified stocks are, on average, holding a PEG ratio of 0.84 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 49, which puts it in the top 20% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Dow Inc. (DOW) Stock Sinks As Market Gains: What You Should Know
Dow Inc. (DOW - Free Report) closed the most recent trading day at $57.41, moving -1.96% from the previous trading session. This change lagged the S&P 500's daily gain of 1.46%. At the same time, the Dow added 1%, and the tech-heavy Nasdaq lost 0.17%.
Coming into today, shares of the materials science had lost 16.31% in the past month. In that same time, the Basic Materials sector lost 3.64%, while the S&P 500 lost 6.94%.
Dow Inc. will be looking to display strength as it nears its next earnings release, which is expected to be July 21, 2022. The company is expected to report EPS of $2.12, down 22.06% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $15.58 billion, up 12.18% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.25 per share and revenue of $60.22 billion, which would represent changes of -8.13% and +9.55%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Dow Inc.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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 0.92% higher within the past month. Dow Inc. is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Dow Inc. currently has a Forward P/E ratio of 7.1. For comparison, its industry has an average Forward P/E of 9.82, which means Dow Inc. is trading at a discount to the group.
Investors should also note that DOW has a PEG ratio of 0.24 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. Chemical - Diversified stocks are, on average, holding a PEG ratio of 0.84 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 49, which puts it in the top 20% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.