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Dow Inc. (DOW) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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Dow Inc. (DOW - Free Report) reported $10.92 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 4.4%. EPS of $0.68 for the same period compares to $0.75 a year ago.
The reported revenue represents a surprise of -0.41% over the Zacks Consensus Estimate of $10.96 billion. With the consensus EPS estimate being $0.72, the EPS surprise was -5.56%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Dow Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Performance Materials & Coatings: $2.24 billion versus the four-analyst average estimate of $2.19 billion. The reported number represents a year-over-year change of +2.1%.
Revenues- Corporate: $206 million versus the four-analyst average estimate of $109.32 million. The reported number represents a year-over-year change of +94.3%.
Revenues- Packaging & Specialty Plastics: $5.52 billion compared to the $5.62 billion average estimate based on four analysts. The reported number represents a change of -7.2% year over year.
Revenues- Industrial Intermediates & Infrastructure: $2.95 billion versus $3.02 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -7.1% change.
Operating EBITDA- Packaging & Specialty Plastics: $1.05 billion compared to the $1.12 billion average estimate based on four analysts.
Operating EBITDA- Corporate: -$30 million versus -$62.75 million estimated by four analysts on average.
Operating EBITDA- Performance Materials & Coatings: $337 million versus the four-analyst average estimate of $309.22 million.
Operating EBITDA- Industrial Intermediates & Infrastructure: $148 million versus $216.84 million estimated by four analysts on average.
Shares of Dow Inc. have returned +0.2% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Dow Inc. (DOW) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Dow Inc. (DOW - Free Report) reported $10.92 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 4.4%. EPS of $0.68 for the same period compares to $0.75 a year ago.
The reported revenue represents a surprise of -0.41% over the Zacks Consensus Estimate of $10.96 billion. With the consensus EPS estimate being $0.72, the EPS surprise was -5.56%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Dow Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Performance Materials & Coatings: $2.24 billion versus the four-analyst average estimate of $2.19 billion. The reported number represents a year-over-year change of +2.1%.
- Revenues- Corporate: $206 million versus the four-analyst average estimate of $109.32 million. The reported number represents a year-over-year change of +94.3%.
- Revenues- Packaging & Specialty Plastics: $5.52 billion compared to the $5.62 billion average estimate based on four analysts. The reported number represents a change of -7.2% year over year.
- Revenues- Industrial Intermediates & Infrastructure: $2.95 billion versus $3.02 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -7.1% change.
- Operating EBITDA- Packaging & Specialty Plastics: $1.05 billion compared to the $1.12 billion average estimate based on four analysts.
- Operating EBITDA- Corporate: -$30 million versus -$62.75 million estimated by four analysts on average.
- Operating EBITDA- Performance Materials & Coatings: $337 million versus the four-analyst average estimate of $309.22 million.
- Operating EBITDA- Industrial Intermediates & Infrastructure: $148 million versus $216.84 million estimated by four analysts on average.
View all Key Company Metrics for Dow Inc. here>>>Shares of Dow Inc. have returned +0.2% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.