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Dow Inc. (DOW) Reports Q4 Earnings: What Key Metrics Have to Say
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For the quarter ended December 2023, Dow Inc. (DOW - Free Report) reported revenue of $10.62 billion, down 10.4% over the same period last year. EPS came in at $0.43, compared to $0.46 in the year-ago quarter.
The reported revenue represents a surprise of +2.95% over the Zacks Consensus Estimate of $10.32 billion. With the consensus EPS estimate being $0.40, the EPS surprise was +7.50%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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- Packaging & Specialty Plastics: $5.64 billion versus the five-analyst average estimate of $5.43 billion. The reported number represents a year-over-year change of -7.1%.
Revenues- Corporate: $138 million compared to the $75.04 million average estimate based on five analysts. The reported number represents a change of +84% year over year.
Revenues- Performance Materials & Coatings: $1.89 billion versus the five-analyst average estimate of $1.95 billion. The reported number represents a year-over-year change of -8%.
Revenues- Industrial Intermediates & Infrastructure: $2.95 billion compared to the $2.89 billion average estimate based on five analysts. The reported number represents a change of -19.3% year over year.
Adjusted EBITDA- Packaging & Specialty Plastics: $988 million versus $906.43 million estimated by five analysts on average.
Adjusted EBITDA- Corporate: -$54 million compared to the -$67.33 million average estimate based on five analysts.
Adjusted EBITDA- Performance Materials & Coatings: $134 million versus the five-analyst average estimate of $293.15 million.
Adjusted EBITDA- Industrial Intermediates & Infrastructure: $148 million compared to the $135.81 million average estimate based on five analysts.
Shares of Dow Inc. have returned -4.7% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Dow Inc. (DOW) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2023, Dow Inc. (DOW - Free Report) reported revenue of $10.62 billion, down 10.4% over the same period last year. EPS came in at $0.43, compared to $0.46 in the year-ago quarter.
The reported revenue represents a surprise of +2.95% over the Zacks Consensus Estimate of $10.32 billion. With the consensus EPS estimate being $0.40, the EPS surprise was +7.50%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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- Packaging & Specialty Plastics: $5.64 billion versus the five-analyst average estimate of $5.43 billion. The reported number represents a year-over-year change of -7.1%.
- Revenues- Corporate: $138 million compared to the $75.04 million average estimate based on five analysts. The reported number represents a change of +84% year over year.
- Revenues- Performance Materials & Coatings: $1.89 billion versus the five-analyst average estimate of $1.95 billion. The reported number represents a year-over-year change of -8%.
- Revenues- Industrial Intermediates & Infrastructure: $2.95 billion compared to the $2.89 billion average estimate based on five analysts. The reported number represents a change of -19.3% year over year.
- Adjusted EBITDA- Packaging & Specialty Plastics: $988 million versus $906.43 million estimated by five analysts on average.
- Adjusted EBITDA- Corporate: -$54 million compared to the -$67.33 million average estimate based on five analysts.
- Adjusted EBITDA- Performance Materials & Coatings: $134 million versus the five-analyst average estimate of $293.15 million.
- Adjusted EBITDA- Industrial Intermediates & Infrastructure: $148 million compared to the $135.81 million average estimate based on five analysts.
View all Key Company Metrics for Dow Inc. here>>>Shares of Dow Inc. have returned -4.7% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.