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Dow Chemical (DOW) Tops Q2 Earnings & Revenue Estimates
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Dow Chemical (DOW - Free Report) is the biggest U.S. chemical maker by sales, offering a vast range of chemical, plastic and agricultural products and services. As the company’s products are used in almost every industry, its results put a spotlight on end market scenario and demand trends for chemical products across a bevy of industries.
Dow is leveraging its North American feedstock advantage and is investing billions of dollars for setting up crackers that produces ethylene from ethane. The company is also aggressively pursuing its productivity and growth actions as well as its cost-reduction initiatives. Moreover, Dow continues to seek opportunities to optimize its portfolio by selectively divesting underperforming assets and gradually shift focus to high-growth markets.
Let’s have a quick look at this chemical behemoth’s second-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Dow for the second quarter has seen an uptrend over the past month. Dow has beaten the Zacks Consensus Estimate in the trailing 4 quarters with an average beat of 18.26%. Investors have been eagerly awaiting Dow’s latest earnings report to see whether it continues the winning streak.
Dow logged adjusted earnings of 95 cents per share that topped the Zacks Consensus Estimate of 85 cents.
Revenues
Dow recorded net sales of $11,952 million, down roughly 7% year over year. That, however, surpassed the Zacks Consensus Estimate of $11,269 million.
Key Stats/Developments to Note
Dow sees sustained momentum in consumer driven end-markets. The company is witnessing healthy demand in North America and continued recovery in Europe, despite geopolitical uncertainties. Latin America is also showing signs of improvement. The company’s strong business portfolio, strategic investments and productivity actions position it well in the prevailing volatile macroeconomic environment.
Zacks Rank
Dow currently has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.
Market Reaction
Dow’s shares rose 0.7% in the pre-market trading. 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 Dow’s earnings report!
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Dow Chemical (DOW) Tops Q2 Earnings & Revenue Estimates
Dow Chemical (DOW - Free Report) is the biggest U.S. chemical maker by sales, offering a vast range of chemical, plastic and agricultural products and services. As the company’s products are used in almost every industry, its results put a spotlight on end market scenario and demand trends for chemical products across a bevy of industries.
Dow is leveraging its North American feedstock advantage and is investing billions of dollars for setting up crackers that produces ethylene from ethane. The company is also aggressively pursuing its productivity and growth actions as well as its cost-reduction initiatives. Moreover, Dow continues to seek opportunities to optimize its portfolio by selectively divesting underperforming assets and gradually shift focus to high-growth markets.
Let’s have a quick look at this chemical behemoth’s second-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Dow for the second quarter has seen an uptrend over the past month. Dow has beaten the Zacks Consensus Estimate in the trailing 4 quarters with an average beat of 18.26%. Investors have been eagerly awaiting Dow’s latest earnings report to see whether it continues the winning streak.
DOW CHEMICAL Price and EPS Surprise
DOW CHEMICAL Price and EPS Surprise | DOW CHEMICAL Quote
Earnings
Dow logged adjusted earnings of 95 cents per share that topped the Zacks Consensus Estimate of 85 cents.
Revenues
Dow recorded net sales of $11,952 million, down roughly 7% year over year. That, however, surpassed the Zacks Consensus Estimate of $11,269 million.
Key Stats/Developments to Note
Dow sees sustained momentum in consumer driven end-markets. The company is witnessing healthy demand in North America and continued recovery in Europe, despite geopolitical uncertainties. Latin America is also showing signs of improvement. The company’s strong business portfolio, strategic investments and productivity actions position it well in the prevailing volatile macroeconomic environment.
Zacks Rank
Dow currently has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.
Market Reaction
Dow’s shares rose 0.7% in the pre-market trading. 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 Dow’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 >>