DowDuPont (DWDP - Free Report) closed the most recent trading day at $57.18, moving -0.83% from the previous trading session. This move lagged the S&P 500's daily gain of 0.33%. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, added 0.01%.
Coming into today, shares of the specialty chemicals maker had gained 10.74% in the past month. In that same time, the Basic Materials sector gained 0.44%, while the S&P 500 gained 0.89%.
Wall Street will be looking for positivity from DWDP as it approaches its next earnings report date. This is expected to be February 7, 2019. The company is expected to report EPS of $0.88, up 6.02% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $21.11 billion, up 5.18% from the prior-year quarter.
DWDP's full-year Zacks Consensus Estimates are calling for earnings of $4.14 per share and revenue of $86.71 billion. These results would represent year-over-year changes of +21.76% and +38.78%, respectively.
Any recent changes to analyst estimates for DWDP should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.35% lower. DWDP is currently a Zacks Rank #3 (Hold).
Digging into valuation, DWDP currently has a Forward P/E ratio of 13.91. This valuation marks a premium compared to its industry's average Forward P/E of 12.29.
Also, we should mention that DWDP has a PEG ratio of 1.39. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. DWDP's industry had an average PEG ratio of 1.06 as of yesterday's close.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 218, putting it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
You can find more information on all of these metrics, and much more, on Zacks.com.