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Dow Inc. (DOW) Reports Q3 Earnings: What Key Metrics Have to Say
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Dow Inc. (DOW - Free Report) reported $10.73 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 24%. EPS of $0.48 for the same period compares to $1.11 a year ago.
The reported revenue represents a surprise of +0.50% over the Zacks Consensus Estimate of $10.68 billion. With the consensus EPS estimate being $0.43, the EPS surprise was +11.63%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Dow Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Performance Materials & Coatings: $2.13 billion compared to the $2.01 billion average estimate based on five analysts. The reported number represents a change of -19.7% year over year.
Revenues- Corporate: $111 million versus $72.41 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +48% change.
Revenues- Packaging & Specialty Plastics: $5.45 billion compared to the $5.86 billion average estimate based on five analysts. The reported number represents a change of -25.6% year over year.
Revenues- Industrial Intermediates & Infrastructure: $3.04 billion compared to the $2.77 billion average estimate based on five analysts. The reported number represents a change of -25.2% year over year.
Adjusted EBITDA- Packaging & Specialty Plastics: $797 million versus $994.72 million estimated by five analysts on average.
Adjusted EBITDA- Corporate: -$41 million versus -$69.84 million estimated by five analysts on average.
Adjusted EBITDA- Performance Materials & Coatings: $372 million versus the five-analyst average estimate of $267.59 million.
Adjusted EBITDA- Industrial Intermediates & Infrastructure: $155 million versus the five-analyst average estimate of $61.68 million.
Shares of Dow Inc. have returned -5.6% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Dow Inc. (DOW) Reports Q3 Earnings: What Key Metrics Have to Say
Dow Inc. (DOW - Free Report) reported $10.73 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 24%. EPS of $0.48 for the same period compares to $1.11 a year ago.
The reported revenue represents a surprise of +0.50% over the Zacks Consensus Estimate of $10.68 billion. With the consensus EPS estimate being $0.43, the EPS surprise was +11.63%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Dow Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Performance Materials & Coatings: $2.13 billion compared to the $2.01 billion average estimate based on five analysts. The reported number represents a change of -19.7% year over year.
- Revenues- Corporate: $111 million versus $72.41 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +48% change.
- Revenues- Packaging & Specialty Plastics: $5.45 billion compared to the $5.86 billion average estimate based on five analysts. The reported number represents a change of -25.6% year over year.
- Revenues- Industrial Intermediates & Infrastructure: $3.04 billion compared to the $2.77 billion average estimate based on five analysts. The reported number represents a change of -25.2% year over year.
- Adjusted EBITDA- Packaging & Specialty Plastics: $797 million versus $994.72 million estimated by five analysts on average.
- Adjusted EBITDA- Corporate: -$41 million versus -$69.84 million estimated by five analysts on average.
- Adjusted EBITDA- Performance Materials & Coatings: $372 million versus the five-analyst average estimate of $267.59 million.
- Adjusted EBITDA- Industrial Intermediates & Infrastructure: $155 million versus the five-analyst average estimate of $61.68 million.
View all Key Company Metrics for Dow Inc. here>>>Shares of Dow Inc. have returned -5.6% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.