Dow Inc. (DOW) got here out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.48 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of two.17%. 1 / 4 in the past, it was anticipated that this supplies science would publish earnings of $0.72 per share when it really produced earnings of $0.68, delivering a shock of -5.56%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
Dow Inc.
The sustainability of the inventory’s rapid worth motion based mostly on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
Dow Inc. Shares have misplaced about 6.1% because the starting of the 12 months versus the S&P 500’s acquire of 21.5%.
What’s Subsequent for Dow Inc.
Whereas Dow Inc. Has underperformed the market to date this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders deal with that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified recently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and developments in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a powerful monitor file of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Dow Inc. Unfavorable. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #5 (Robust Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.55 on $10.56 billion in revenues for the approaching quarter and $2.32 on $42.88 billion in revenues for the present fiscal 12 months.
Traders needs to be aware of the truth that the outlook for the trade can have a fabric affect on the efficiency of the inventory as nicely. By way of the Zacks Business Rank, Chemical – Diversified is at present within the backside 17% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the identical trade, Chemours (CC), is but to report outcomes for the quarter ended September 2024. The outcomes are anticipated to be launched on November 4.
This chemical firm is anticipated to publish quarterly earnings of $0.32 per share in its upcoming report, which represents a year-over-year change of -50%. The consensus EPS estimate for the quarter has been revised 0.8% decrease during the last 30 days to the present stage.
Chemours’ revenues are anticipated to be $1.43 billion, down 4.2% from the year-ago quarter.
Ought to You Put money into Dow Inc. (DOW)?
Earlier than you spend money on Dow Inc. (DOW), wish to know the very best shares to purchase for the following 30 days? Try Zacks Funding Analysis for our free report on the 7 best stocks to purchase.
Zacks Funding Analysis has been dedicated to offering traders with instruments and unbiased analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a mean acquire of +24.08% per 12 months. (These returns cowl a interval from January 1, 1988 by Could 6, 2024.)
Dow Inc. (DOW) : Free Stock Analysis Report
The Chemours Company (CC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
