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Dow Inc. (DOW) Dips More Than Broader Markets: What You Should Know
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Dow Inc. (DOW - Free Report) closed the most recent trading day at $52.22, moving -1.73% from the previous trading session. This move lagged the S&P 500's daily loss of 0.3%. Meanwhile, the Dow lost 0.2%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Prior to today's trading, shares of the materials science had lost 23.05% over the past month. This has lagged the Basic Materials sector's loss of 12.25% and the S&P 500's loss of 0.62% in that time.
Investors will be hoping for strength from Dow Inc. as it approaches its next earnings release, which is expected to be July 21, 2022. In that report, analysts expect Dow Inc. to post earnings of $2.16 per share. This would mark a year-over-year decline of 20.59%. Our most recent consensus estimate is calling for quarterly revenue of $15.69 billion, up 12.98% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.16 per share and revenue of $60.29 billion. These totals would mark changes of -9.13% and +9.68%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Dow Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.81% higher. Dow Inc. is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Dow Inc. has a Forward P/E ratio of 6.51 right now. This represents a discount compared to its industry's average Forward P/E of 9.43.
We can also see that DOW currently has a PEG ratio of 0.22. 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 at yesterday's closing price.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 96, putting it in the top 38% 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.
To follow DOW in the coming trading sessions, be sure to utilize Zacks.com.
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Dow Inc. (DOW) Dips More Than Broader Markets: What You Should Know
Dow Inc. (DOW - Free Report) closed the most recent trading day at $52.22, moving -1.73% from the previous trading session. This move lagged the S&P 500's daily loss of 0.3%. Meanwhile, the Dow lost 0.2%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Prior to today's trading, shares of the materials science had lost 23.05% over the past month. This has lagged the Basic Materials sector's loss of 12.25% and the S&P 500's loss of 0.62% in that time.
Investors will be hoping for strength from Dow Inc. as it approaches its next earnings release, which is expected to be July 21, 2022. In that report, analysts expect Dow Inc. to post earnings of $2.16 per share. This would mark a year-over-year decline of 20.59%. Our most recent consensus estimate is calling for quarterly revenue of $15.69 billion, up 12.98% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.16 per share and revenue of $60.29 billion. These totals would mark changes of -9.13% and +9.68%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Dow Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.81% higher. Dow Inc. is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Dow Inc. has a Forward P/E ratio of 6.51 right now. This represents a discount compared to its industry's average Forward P/E of 9.43.
We can also see that DOW currently has a PEG ratio of 0.22. 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 at yesterday's closing price.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 96, putting it in the top 38% 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.
To follow DOW in the coming trading sessions, be sure to utilize Zacks.com.