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.
Dow Chemical (DOW) Tops Q3 Earnings & Revenue Estimates
Read MoreHide Full Article
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 third-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Dow for the third 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 18.11%. Investors have been eagerly awaiting Dow’s latest earnings report to see whether it continues the winning streak.
Dow logged adjusted earnings of 91 cents per share that topped the Zacks Consensus Estimate of 80 cents.
Revenues
Dow recorded net sales of $12,483 million, up roughly 4% year over year. That surpassed the Zacks Consensus Estimate of $12,076 million.
Key Stats/Developments to Note
Dow envisions steady growth in North America and Europe and expects strength of the consumer and emphasis on growth in Southeast Asia and second-tier cities in China to continue to boost its results in Asia Pacific. Dow also expects sustained strong growth fundamentals in its core markets of packaging, automotive and construction.
Zacks Rank
Dow currently has a Zacks Rank #2 (Buy).
Market Reaction
Dow’s shares rose around 2.8% 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!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Dow Chemical (DOW) Tops Q3 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 third-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Dow for the third 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 18.11%. 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 91 cents per share that topped the Zacks Consensus Estimate of 80 cents.
Revenues
Dow recorded net sales of $12,483 million, up roughly 4% year over year. That surpassed the Zacks Consensus Estimate of $12,076 million.
Key Stats/Developments to Note
Dow envisions steady growth in North America and Europe and expects strength of the consumer and emphasis on growth in Southeast Asia and second-tier cities in China to continue to boost its results in Asia Pacific. Dow also expects sustained strong growth fundamentals in its core markets of packaging, automotive and construction.
Zacks Rank
Dow currently has a Zacks Rank #2 (Buy).
Market Reaction
Dow’s shares rose around 2.8% 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!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>