We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 Inc. (DOW) Stock Sinks As Market Gains: Here's Why
Read MoreHide Full Article
Dow Inc. (DOW - Free Report) closed the most recent trading day at $29.03, moving -2.06% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.86%. Elsewhere, the Dow saw an upswing of 0.98%, while the tech-heavy Nasdaq appreciated by 0.96%.
Shares of the materials science witnessed a loss of 2.37% over the previous month, trailing the performance of the Basic Materials sector with its loss of 0.74%, and the S&P 500's loss of 1.96%.
Market participants will be closely following the financial results of Dow Inc. in its upcoming release. The company is predicted to post an EPS of $0.78, indicating a 510.53% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $11.22 billion, indicating a 12.52% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $2.42 per share and a revenue of $43.31 billion, demonstrating changes of +357.45% and +8.37%, respectively, from the preceding year.
Any recent changes to analyst estimates for Dow Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.59% lower within the past month. Dow Inc. is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Dow Inc. is currently being traded at a Forward P/E ratio of 12.26. This denotes a discount relative to the industry average Forward P/E of 17.
It's also important to note that DOW currently trades at a PEG ratio of 0.38. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Chemical - Diversified was holding an average PEG ratio of 1.19 at yesterday's closing price.
The Chemical - Diversified industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 95, this industry ranks in the top 39% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DOW in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Dow Inc. (DOW) Stock Sinks As Market Gains: Here's Why
Dow Inc. (DOW - Free Report) closed the most recent trading day at $29.03, moving -2.06% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.86%. Elsewhere, the Dow saw an upswing of 0.98%, while the tech-heavy Nasdaq appreciated by 0.96%.
Shares of the materials science witnessed a loss of 2.37% over the previous month, trailing the performance of the Basic Materials sector with its loss of 0.74%, and the S&P 500's loss of 1.96%.
Market participants will be closely following the financial results of Dow Inc. in its upcoming release. The company is predicted to post an EPS of $0.78, indicating a 510.53% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $11.22 billion, indicating a 12.52% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $2.42 per share and a revenue of $43.31 billion, demonstrating changes of +357.45% and +8.37%, respectively, from the preceding year.
Any recent changes to analyst estimates for Dow Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.59% lower within the past month. Dow Inc. is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Dow Inc. is currently being traded at a Forward P/E ratio of 12.26. This denotes a discount relative to the industry average Forward P/E of 17.
It's also important to note that DOW currently trades at a PEG ratio of 0.38. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Chemical - Diversified was holding an average PEG ratio of 1.19 at yesterday's closing price.
The Chemical - Diversified industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 95, this industry ranks in the top 39% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DOW in the coming trading sessions, be sure to utilize Zacks.com.