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Dow Chemical (DOW) Tops Q2 Earnings & Sales Estimates
July 27, 2017

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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 aggressively pursuing its productivity and growth actions as well as its cost-reduction initiatives. Moreover, the company is benefiting from continued focus on consumer-driven markets.

Let’s have a quick look at this chemical behemoth’s second-quarter 2017 release.

Estimate Trend & Surprise History

Investors should note that the earnings estimate for Dow for the second quarter has been static over the past week. Dow has beaten the Zacks Consensus Estimate in the trailing 4 quarters with an average beat of 10.77%. Investors have been eagerly awaiting Dow’s latest earnings report to see whether it continues the winning streak.

Earnings

Dow logged adjusted earnings of $1.08 per share that topped the Zacks Consensus Estimate of $1.01.

Revenues

Dow recorded net sales of $13,834 million, up roughly 16% year over year. That surpassed the Zacks Consensus Estimate of $13,655 million.

Key Stats/Developments to Note

Dow is witnessing improved global economic activity with strong momentum in manufacturing, investment and trade. While strength of the consumer is driving expansion in the U.S., improvement in Europe is expected to remain on a steady track. The company is also seeing signs of stabilization in Latin America, especially in the agriculture market. Dow also believes that it is well positioned to capture demand in consumer-led markets.

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 around 0.4% 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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