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Dow Inc. (DOW) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Dow Inc. (DOW - Free Report) closed at $56.78, marking a -0.49% move from the previous day. This move lagged the S&P 500's daily loss of 0.3%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.33%.
Coming into today, shares of the materials science had gained 8.15% in the past month. In that same time, the Basic Materials sector gained 3.64%, while the S&P 500 gained 3.11%.
Dow Inc. will be looking to display strength as it nears its next earnings release, which is expected to be January 27, 2022. On that day, Dow Inc. is projected to report earnings of $2.13 per share, which would represent year-over-year growth of 162.96%. Meanwhile, our latest consensus estimate is calling for revenue of $14.33 billion, up 33.81% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.97 per share and revenue of $54.91 billion. These totals would mark changes of +440.36% and +42.48%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Dow Inc.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 0.93% lower. Dow Inc. is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Dow Inc. is holding a Forward P/E ratio of 6.36. For comparison, its industry has an average Forward P/E of 13.42, which means Dow Inc. is trading at a discount to the group.
Meanwhile, DOW's PEG ratio is currently 0.21. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DOW's industry had an average PEG ratio of 1.19 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 85, which puts it in the top 34% 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.
To follow DOW in the coming trading sessions, be sure to utilize Zacks.com.
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Dow Inc. (DOW) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Dow Inc. (DOW - Free Report) closed at $56.78, marking a -0.49% move from the previous day. This move lagged the S&P 500's daily loss of 0.3%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.33%.
Coming into today, shares of the materials science had gained 8.15% in the past month. In that same time, the Basic Materials sector gained 3.64%, while the S&P 500 gained 3.11%.
Dow Inc. will be looking to display strength as it nears its next earnings release, which is expected to be January 27, 2022. On that day, Dow Inc. is projected to report earnings of $2.13 per share, which would represent year-over-year growth of 162.96%. Meanwhile, our latest consensus estimate is calling for revenue of $14.33 billion, up 33.81% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.97 per share and revenue of $54.91 billion. These totals would mark changes of +440.36% and +42.48%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Dow Inc.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 0.93% lower. Dow Inc. is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Dow Inc. is holding a Forward P/E ratio of 6.36. For comparison, its industry has an average Forward P/E of 13.42, which means Dow Inc. is trading at a discount to the group.
Meanwhile, DOW's PEG ratio is currently 0.21. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DOW's industry had an average PEG ratio of 1.19 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 85, which puts it in the top 34% 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.
To follow DOW in the coming trading sessions, be sure to utilize Zacks.com.