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Dow Inc. (DOW) Gains But Lags Market: What You Should Know
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Dow Inc. (DOW - Free Report) closed at $54.04 in the latest trading session, marking a +0.3% move from the prior day. This move lagged the S&P 500's daily gain of 1.64%. At the same time, the Dow added 1.08%, and the tech-heavy Nasdaq gained 0.45%.
Coming into today, shares of the materials science had lost 8.46% in the past month. In that same time, the Basic Materials sector lost 4.33%, while the S&P 500 lost 0.83%.
Dow Inc. will be looking to display strength as it nears its next earnings release, which is expected to be January 27, 2022. The company is expected to report EPS of $2.16, up 166.67% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $14.32 billion, up 33.74% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9 per share and revenue of $54.91 billion. These totals would mark changes of +442.17% and +42.47%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Dow Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.94% lower. Dow Inc. is currently a Zacks Rank #3 (Hold).
Digging into valuation, Dow Inc. currently has a Forward P/E ratio of 5.99. This represents a discount compared to its industry's average Forward P/E of 12.94.
It is also worth noting that DOW currently has a PEG ratio of 0.2. 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. DOW's industry had an average PEG ratio of 1.13 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 86, which puts it in the top 34% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Dow Inc. (DOW) Gains But Lags Market: What You Should Know
Dow Inc. (DOW - Free Report) closed at $54.04 in the latest trading session, marking a +0.3% move from the prior day. This move lagged the S&P 500's daily gain of 1.64%. At the same time, the Dow added 1.08%, and the tech-heavy Nasdaq gained 0.45%.
Coming into today, shares of the materials science had lost 8.46% in the past month. In that same time, the Basic Materials sector lost 4.33%, while the S&P 500 lost 0.83%.
Dow Inc. will be looking to display strength as it nears its next earnings release, which is expected to be January 27, 2022. The company is expected to report EPS of $2.16, up 166.67% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $14.32 billion, up 33.74% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9 per share and revenue of $54.91 billion. These totals would mark changes of +442.17% and +42.47%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Dow Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.94% lower. Dow Inc. is currently a Zacks Rank #3 (Hold).
Digging into valuation, Dow Inc. currently has a Forward P/E ratio of 5.99. This represents a discount compared to its industry's average Forward P/E of 12.94.
It is also worth noting that DOW currently has a PEG ratio of 0.2. 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. DOW's industry had an average PEG ratio of 1.13 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 86, which puts it in the top 34% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.