We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
The latest trading session saw Dow Inc. (DOW - Free Report) ending at $58.14, denoting a +1.87% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.86%. Elsewhere, the Dow saw an upswing of 1.22%, while the tech-heavy Nasdaq appreciated by 0.51%.
The materials science's stock has climbed by 1.42% in the past month, falling short of the Basic Materials sector's gain of 5.24% and the S&P 500's gain of 2.84%.
The upcoming earnings release of Dow Inc. will be of great interest to investors. The company's earnings report is expected on April 25, 2024. The company's earnings per share (EPS) are projected to be $0.47, reflecting a 18.97% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $10.7 billion, indicating a 9.72% decline compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.10 per share and revenue of $44.73 billion, indicating changes of +38.39% and +0.25%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dow Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.53% lower. Dow Inc. currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Dow Inc. has a Forward P/E ratio of 18.42 right now. For comparison, its industry has an average Forward P/E of 18.42, which means Dow Inc. is trading at no noticeable deviation to the group.
We can additionally observe that DOW currently boasts a PEG ratio of 0.79. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Chemical - Diversified industry currently had an average PEG ratio of 1.18 as of yesterday's close.
The Chemical - Diversified industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 194, positioning it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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) Laps the Stock Market: Here's Why
The latest trading session saw Dow Inc. (DOW - Free Report) ending at $58.14, denoting a +1.87% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.86%. Elsewhere, the Dow saw an upswing of 1.22%, while the tech-heavy Nasdaq appreciated by 0.51%.
The materials science's stock has climbed by 1.42% in the past month, falling short of the Basic Materials sector's gain of 5.24% and the S&P 500's gain of 2.84%.
The upcoming earnings release of Dow Inc. will be of great interest to investors. The company's earnings report is expected on April 25, 2024. The company's earnings per share (EPS) are projected to be $0.47, reflecting a 18.97% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $10.7 billion, indicating a 9.72% decline compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.10 per share and revenue of $44.73 billion, indicating changes of +38.39% and +0.25%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dow Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.53% lower. Dow Inc. currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Dow Inc. has a Forward P/E ratio of 18.42 right now. For comparison, its industry has an average Forward P/E of 18.42, which means Dow Inc. is trading at no noticeable deviation to the group.
We can additionally observe that DOW currently boasts a PEG ratio of 0.79. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Chemical - Diversified industry currently had an average PEG ratio of 1.18 as of yesterday's close.
The Chemical - Diversified industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 194, positioning it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.