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Dow Inc. (DOW) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Dow Inc. (DOW - Free Report) closed at $29.49, marking a -1.96% move from the previous day. This change lagged the S&P 500's daily gain of 1.14%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.69%.
Prior to today's trading, shares of the materials science had lost 5.26% lagged the Basic Materials sector's loss of 1.36% and the S&P 500's loss of 2.85%.
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 $0.74, indicating a 489.47% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $11.3 billion, up 13.28% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.39 per share and a revenue of $43.37 billion, demonstrating changes of +354.26% and +8.52%, respectively, from the preceding year.
Any recent changes to analyst estimates for Dow Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.72% lower. Dow Inc. currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Dow Inc. is presently trading at a Forward P/E ratio of 12.5. This denotes a discount relative to the industry average Forward P/E of 16.97.
Also, we should mention that DOW has a PEG ratio of 0.41. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Chemical - Diversified was holding an average PEG ratio of 1.18 at yesterday's closing price.
The Chemical - Diversified industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 98, positioning it in the top 40% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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 Sinks As Market Gains: What You Should Know
In the latest trading session, Dow Inc. (DOW - Free Report) closed at $29.49, marking a -1.96% move from the previous day. This change lagged the S&P 500's daily gain of 1.14%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.69%.
Prior to today's trading, shares of the materials science had lost 5.26% lagged the Basic Materials sector's loss of 1.36% and the S&P 500's loss of 2.85%.
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 $0.74, indicating a 489.47% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $11.3 billion, up 13.28% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.39 per share and a revenue of $43.37 billion, demonstrating changes of +354.26% and +8.52%, respectively, from the preceding year.
Any recent changes to analyst estimates for Dow Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.72% lower. Dow Inc. currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Dow Inc. is presently trading at a Forward P/E ratio of 12.5. This denotes a discount relative to the industry average Forward P/E of 16.97.
Also, we should mention that DOW has a PEG ratio of 0.41. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Chemical - Diversified was holding an average PEG ratio of 1.18 at yesterday's closing price.
The Chemical - Diversified industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 98, positioning it in the top 40% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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.