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Dow Inc. (DOW) Gains But Lags Market: What You Should Know
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Dow Inc. (DOW - Free Report) closed the most recent trading day at $57.44, moving +1.48% from the previous trading session. This change lagged the S&P 500's 1.89% gain on the day. At the same time, the Dow added 1%, and the tech-heavy Nasdaq gained 10%.
Heading into today, shares of the materials science had gained 12.82% over the past month, outpacing the Basic Materials sector's gain of 8.45% and the S&P 500's gain of 2.3% in that time.
Dow Inc. will be looking to display strength as it nears its next earnings release, which is expected to be January 26, 2023. On that day, Dow Inc. is projected to report earnings of $0.57 per share, which would represent a year-over-year decline of 73.49%. Meanwhile, our latest consensus estimate is calling for revenue of $12.03 billion, down 16.22% from the prior-year quarter.
It is also important to note the 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.
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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. Dow Inc. is currently a Zacks Rank #3 (Hold).
Digging into valuation, Dow Inc. currently has a Forward P/E ratio of 13.41. This represents a premium compared to its industry's average Forward P/E of 12.77.
Investors should also note that DOW has a PEG ratio of 2.68 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 2.02 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 178, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
View the Zacks #1 Rank List
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Dow Inc. (DOW) Gains But Lags Market: What You Should Know
Dow Inc. (DOW - Free Report) closed the most recent trading day at $57.44, moving +1.48% from the previous trading session. This change lagged the S&P 500's 1.89% gain on the day. At the same time, the Dow added 1%, and the tech-heavy Nasdaq gained 10%.
Heading into today, shares of the materials science had gained 12.82% over the past month, outpacing the Basic Materials sector's gain of 8.45% and the S&P 500's gain of 2.3% in that time.
Dow Inc. will be looking to display strength as it nears its next earnings release, which is expected to be January 26, 2023. On that day, Dow Inc. is projected to report earnings of $0.57 per share, which would represent a year-over-year decline of 73.49%. Meanwhile, our latest consensus estimate is calling for revenue of $12.03 billion, down 16.22% from the prior-year quarter.
It is also important to note the 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.
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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. Dow Inc. is currently a Zacks Rank #3 (Hold).
Digging into valuation, Dow Inc. currently has a Forward P/E ratio of 13.41. This represents a premium compared to its industry's average Forward P/E of 12.77.
Investors should also note that DOW has a PEG ratio of 2.68 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 2.02 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 178, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.