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DuPont (DD - Free Report) , a Dow 30 component, is a global science company with a diverse array of product offerings. Its products have applications across a bevy of industries including transportation, construction, oil and gas, automobile, apparel, agriculture, nutrition and health, packaging and electronics.
DuPont is exposed to unfavorable currency impact stemming from a stronger dollar. Moreover, its agriculture business is faced with industry-wide challenges. However, the company is gaining from its aggressive cost-saving and productivity measures.
Let’s have a quick look at the company’s second-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for DuPont for the second quarter have been static over the past month. DuPont has beaten the Zacks Consensus Estimate in three of the trailing four quarters.
DuPont raked in adjusted earnings of $1.24 per share that topped the Zacks Consensus Estimate of $1.10.
Revenues
DuPont logged net sales of $7,061 million, down roughly 0.8% year over year. That beat the Zacks Consensus Estimate of $7,048 million.
Key Stats/Developments to Note
DuPont has raised the bottom-end of its earlier-announced adjusted earnings guidance range for 2016 by 10 cents per share to $3.15-$3.20 per share. The company now expects full-year earnings (on a reported basis) to be in the range of $2.70-$2.75 per share. For the third quarter, DuPont expects adjusted earnings per share to be 50% higher than the previous year. The company continues to expect benefit of 64 cents per share from its 2016 global cost savings and restructuring plan. Zacks Rank
DuPont currently carries a Zacks Rank #2 (Buy).
Market Reaction
DuPont’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on DuPont’s earnings report!
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DuPont's (DD) Q2 Earnings & Revenues Beat Estimates
DuPont (DD - Free Report) , a Dow 30 component, is a global science company with a diverse array of product offerings. Its products have applications across a bevy of industries including transportation, construction, oil and gas, automobile, apparel, agriculture, nutrition and health, packaging and electronics.
DuPont is exposed to unfavorable currency impact stemming from a stronger dollar. Moreover, its agriculture business is faced with industry-wide challenges. However, the company is gaining from its aggressive cost-saving and productivity measures.
Let’s have a quick look at the company’s second-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for DuPont for the second quarter have been static over the past month. DuPont has beaten the Zacks Consensus Estimate in three of the trailing four quarters.
DU PONT (EI) DE Price and EPS Surprise
DU PONT (EI) DE Price and EPS Surprise | DU PONT (EI) DE Quote
Earnings
DuPont raked in adjusted earnings of $1.24 per share that topped the Zacks Consensus Estimate of $1.10.
Revenues
DuPont logged net sales of $7,061 million, down roughly 0.8% year over year. That beat the Zacks Consensus Estimate of $7,048 million.
Key Stats/Developments to Note
DuPont has raised the bottom-end of its earlier-announced adjusted earnings guidance range for 2016 by 10 cents per share to $3.15-$3.20 per share. The company now expects full-year earnings (on a reported basis) to be in the range of $2.70-$2.75 per share. For the third quarter, DuPont expects adjusted earnings per share to be 50% higher than the previous year. The company continues to expect benefit of 64 cents per share from its 2016 global cost savings and restructuring plan.
Zacks Rank
DuPont currently carries a Zacks Rank #2 (Buy).
Market Reaction
DuPont’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on DuPont’s earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>