We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 $51.30, moving -0.5% from the previous trading session. This change lagged the S&P 500's 0.01% gain on the day. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 0.67%.
Coming into today, shares of the materials science had lost 6.75% in the past month. In that same time, the Basic Materials sector lost 0.88%, while the S&P 500 lost 4.45%.
Wall Street will be looking for positivity from Dow Inc. as it approaches its next earnings report date. This is expected to be October 24, 2023. The company is expected to report EPS of $0.43, down 61.26% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.37 billion, down 26.55% from the year-ago period.
DOW's full-year Zacks Consensus Estimates are calling for earnings of $2.27 per share and revenue of $44.03 billion. These results would represent year-over-year changes of -63.68% and -22.62%, respectively.
Investors might also notice recent changes to analyst estimates for Dow Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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 0.28% higher. Dow Inc. is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Dow Inc. has a Forward P/E ratio of 22.69 right now. Its industry sports an average Forward P/E of 14.47, so we one might conclude that Dow Inc. is trading at a premium comparatively.
It is also worth noting that DOW currently has a PEG ratio of 4.54. 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. DOW's industry had an average PEG ratio of 1.96 as of yesterday's close.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 184, putting it in the bottom 27% 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.
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) Stock Sinks As Market Gains: What You Should Know
Dow Inc. (DOW - Free Report) closed the most recent trading day at $51.30, moving -0.5% from the previous trading session. This change lagged the S&P 500's 0.01% gain on the day. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 0.67%.
Coming into today, shares of the materials science had lost 6.75% in the past month. In that same time, the Basic Materials sector lost 0.88%, while the S&P 500 lost 4.45%.
Wall Street will be looking for positivity from Dow Inc. as it approaches its next earnings report date. This is expected to be October 24, 2023. The company is expected to report EPS of $0.43, down 61.26% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.37 billion, down 26.55% from the year-ago period.
DOW's full-year Zacks Consensus Estimates are calling for earnings of $2.27 per share and revenue of $44.03 billion. These results would represent year-over-year changes of -63.68% and -22.62%, respectively.
Investors might also notice recent changes to analyst estimates for Dow Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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 0.28% higher. Dow Inc. is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Dow Inc. has a Forward P/E ratio of 22.69 right now. Its industry sports an average Forward P/E of 14.47, so we one might conclude that Dow Inc. is trading at a premium comparatively.
It is also worth noting that DOW currently has a PEG ratio of 4.54. 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. DOW's industry had an average PEG ratio of 1.96 as of yesterday's close.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 184, putting it in the bottom 27% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.