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Dow Inc. (DOW) Gains As Market Dips: What You Should Know
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Dow Inc. (DOW - Free Report) closed the most recent trading day at $44.88, moving +1.06% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.75%. Elsewhere, the Dow lost 0.32%, while the tech-heavy Nasdaq lost 0.07%.
Heading into today, shares of the materials science had lost 12.08% over the past month, lagging the Basic Materials sector's loss of 3.29% and the S&P 500's loss of 8.4% in that time.
Dow Inc. will be looking to display strength as it nears its next earnings release, which is expected to be October 20, 2022. In that report, analysts expect Dow Inc. to post earnings of $1.30 per share. This would mark a year-over-year decline of 52.73%. Meanwhile, our latest consensus estimate is calling for revenue of $14.11 billion, down 4.91% from the prior-year quarter.
DOW's full-year Zacks Consensus Estimates are calling for earnings of $7.15 per share and revenue of $58.56 billion. These results would represent year-over-year changes of -20.38% and +6.54%, respectively.
Investors should also note any recent changes to analyst estimates for Dow Inc.These recent revisions tend to reflect the evolving nature of short-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. 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. The Zacks Consensus EPS estimate has moved 7.66% lower within the past month. Dow Inc. is currently a Zacks Rank #5 (Strong Sell).
Digging into valuation, Dow Inc. currently has a Forward P/E ratio of 6.21. This represents a discount compared to its industry's average Forward P/E of 8.42.
Investors should also note that DOW has a PEG ratio of 0.21 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 1.27 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 228, putting it in the bottom 10% 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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Dow Inc. (DOW) Gains As Market Dips: What You Should Know
Dow Inc. (DOW - Free Report) closed the most recent trading day at $44.88, moving +1.06% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.75%. Elsewhere, the Dow lost 0.32%, while the tech-heavy Nasdaq lost 0.07%.
Heading into today, shares of the materials science had lost 12.08% over the past month, lagging the Basic Materials sector's loss of 3.29% and the S&P 500's loss of 8.4% in that time.
Dow Inc. will be looking to display strength as it nears its next earnings release, which is expected to be October 20, 2022. In that report, analysts expect Dow Inc. to post earnings of $1.30 per share. This would mark a year-over-year decline of 52.73%. Meanwhile, our latest consensus estimate is calling for revenue of $14.11 billion, down 4.91% from the prior-year quarter.
DOW's full-year Zacks Consensus Estimates are calling for earnings of $7.15 per share and revenue of $58.56 billion. These results would represent year-over-year changes of -20.38% and +6.54%, respectively.
Investors should also note any recent changes to analyst estimates for Dow Inc.These recent revisions tend to reflect the evolving nature of short-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. 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. The Zacks Consensus EPS estimate has moved 7.66% lower within the past month. Dow Inc. is currently a Zacks Rank #5 (Strong Sell).
Digging into valuation, Dow Inc. currently has a Forward P/E ratio of 6.21. This represents a discount compared to its industry's average Forward P/E of 8.42.
Investors should also note that DOW has a PEG ratio of 0.21 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 1.27 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 228, putting it in the bottom 10% 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.