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Dow Inc. (DOW) Stock Drops Despite Market Gains: Important Facts to Note
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In the latest market close, Dow Inc. (DOW - Free Report) reached $27.20, with a -1.95% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.41% for the day. Elsewhere, the Dow gained 0.08%, while the tech-heavy Nasdaq added 0.67%.
Coming into today, shares of the materials science had lost 8.81% in the past month. In that same time, the Basic Materials sector gained 2.3%, while the S&P 500 gained 6.13%.
The upcoming earnings release of Dow Inc. will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0, reflecting a 100% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $10.38 billion, indicating a 4.91% decrease compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.33 per share and revenue of $41.61 billion, indicating changes of -80.7% and -3.14%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates 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 shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 37.2% decrease. Dow Inc. currently has a Zacks Rank of #4 (Sell).
In terms of valuation, Dow Inc. is currently trading at a Forward P/E ratio of 84.03. This denotes a premium relative to the industry's average Forward P/E of 14.41.
Meanwhile, DOW's PEG ratio is currently 9.61. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Chemical - Diversified stocks are, on average, holding a PEG ratio of 1.83 based on yesterday's closing prices.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 205, which puts it in the bottom 18% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Dow Inc. (DOW) Stock Drops Despite Market Gains: Important Facts to Note
In the latest market close, Dow Inc. (DOW - Free Report) reached $27.20, with a -1.95% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.41% for the day. Elsewhere, the Dow gained 0.08%, while the tech-heavy Nasdaq added 0.67%.
Coming into today, shares of the materials science had lost 8.81% in the past month. In that same time, the Basic Materials sector gained 2.3%, while the S&P 500 gained 6.13%.
The upcoming earnings release of Dow Inc. will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0, reflecting a 100% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $10.38 billion, indicating a 4.91% decrease compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.33 per share and revenue of $41.61 billion, indicating changes of -80.7% and -3.14%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates 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 shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 37.2% decrease. Dow Inc. currently has a Zacks Rank of #4 (Sell).
In terms of valuation, Dow Inc. is currently trading at a Forward P/E ratio of 84.03. This denotes a premium relative to the industry's average Forward P/E of 14.41.
Meanwhile, DOW's PEG ratio is currently 9.61. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Chemical - Diversified stocks are, on average, holding a PEG ratio of 1.83 based on yesterday's closing prices.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 205, which puts it in the bottom 18% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.