DowDuPont closed at $55.41 in the latest trading session, marking a +0.73% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.22%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 0.16%.
Coming into today, shares of the specialty chemicals maker had gained 5.2% in the past month. In that same time, the Basic Materials sector gained 4.03%, while the S&P 500 gained 0.49%.
Wall Street will be looking for positivity from DWDP as it approaches its next earnings report date. This is expected to be January 31, 2019. On that day, DWDP is projected to report earnings of $0.89 per share, which would represent year-over-year growth of 7.23%. Our most recent consensus estimate is calling for quarterly revenue of $21.11 billion, up 5.18% from the year-ago period.
Investors should also note any recent changes to analyst estimates for DWDP. These revisions typically reflect the latest short-term business trends, which can change frequently. 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.98% lower. DWDP is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that DWDP has a Forward P/E ratio of 11.66 right now. For comparison, its industry has an average Forward P/E of 10.75, which means DWDP is trading at a premium to the group.
Investors should also note that DWDP has a PEG ratio of 1.17 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Chemical - Diversified stocks are, on average, holding a PEG ratio of 0.92 based on yesterday's closing prices.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 216, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.
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DowDuPont (DWDP) Outpaces Stock Market Gains: What You Should Know
DowDuPont closed at $55.41 in the latest trading session, marking a +0.73% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.22%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 0.16%.
Coming into today, shares of the specialty chemicals maker had gained 5.2% in the past month. In that same time, the Basic Materials sector gained 4.03%, while the S&P 500 gained 0.49%.
Wall Street will be looking for positivity from DWDP as it approaches its next earnings report date. This is expected to be January 31, 2019. On that day, DWDP is projected to report earnings of $0.89 per share, which would represent year-over-year growth of 7.23%. Our most recent consensus estimate is calling for quarterly revenue of $21.11 billion, up 5.18% from the year-ago period.
Investors should also note any recent changes to analyst estimates for DWDP. These revisions typically reflect the latest short-term business trends, which can change frequently. 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.98% lower. DWDP is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that DWDP has a Forward P/E ratio of 11.66 right now. For comparison, its industry has an average Forward P/E of 10.75, which means DWDP is trading at a premium to the group.
Investors should also note that DWDP has a PEG ratio of 1.17 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Chemical - Diversified stocks are, on average, holding a PEG ratio of 0.92 based on yesterday's closing prices.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 216, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.