DowDuPont (DWDP - Free Report) closed at $37.78 in the latest trading session, marking a +1.15% move from the prior day. This move outpaced the S&P 500's daily gain of 0.21%. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Prior to today's trading, shares of the specialty chemicals maker had lost 31.43% over the past month. This has lagged the Basic Materials sector's gain of 3.46% and the S&P 500's gain of 2.57% in that time.
Wall Street will be looking for positivity from DWDP as it approaches its next earnings report date. In that report, analysts expect DWDP to post earnings of $0.92 per share. This would mark a year-over-year decline of 17.86%. Our most recent consensus estimate is calling for quarterly revenue of $19.66 billion, down 8.59% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.95 per share and revenue of $84.75 billion. These totals would mark changes of -3.89% and -1.43%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for DWDP. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.65% lower. DWDP is holding a Zacks Rank of #4 (Sell) right now.
Valuation is also important, so investors should note that DWDP has a Forward P/E ratio of 9.46 right now. This valuation marks a discount compared to its industry's average Forward P/E of 12.97.
Meanwhile, DWDP's PEG ratio is currently 0.95. 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. The Chemical - Diversified industry currently had an average PEG ratio of 1.02 as of yesterday's close.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 211, which puts it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow DWDP in the coming trading sessions, be sure to utilize Zacks.com.