The newest buying and selling session ended with Dow Inc. (DOW) standing at $40.15, reflecting a -1.04% shift from the previouse buying and selling day’s closing. The inventory outperformed the S&P 500, which registered a day by day lack of 2.95%. In the meantime, the Dow skilled a drop of two.59%, and the technology-dominated Nasdaq noticed a lower of three.56%.
The supplies science’s inventory has dropped by 7.06% prior to now month, falling wanting the Fundamental Supplies sector’s lack of 3.07% and the S&P 500’s acquire of three.15%.
Analysts and traders alike shall be retaining a detailed eye on the efficiency of Dow Inc. in its upcoming earnings disclosure. The corporate’s earnings report is ready to go public on January 30, 2025. The corporate is forecasted to report an EPS of $0.34, showcasing a 20.93% downward motion from the corresponding quarter of the prior 12 months. On the identical time, our most up-to-date consensus estimate is projecting a income of $10.59 billion, reflecting a 0.29% fall from the equal quarter final 12 months.
For the complete 12 months, the Zacks Consensus Estimates are projecting earnings of $2.06 per share and income of $43.21 billion, which might symbolize modifications of -8.04% and -3.17%, respectively, from the prior 12 months.
Traders must also take note of any newest modifications in analyst estimates for Dow Inc. Current revisions are likely to replicate the most recent near-term enterprise traits. Consequently, upward revisions in estimates categorical analysts’ positivity in the direction of the corporate’s enterprise operations and its capability to generate earnings.
Our analysis exhibits that these estimate modifications are straight correlated with near-term inventory costs. To take advantage of this, we have fashioned the Zacks Rank, a quantitative mannequin that features these estimate modifications and presents a viable score system.
The Zacks Rank system, stretching from #1 (Robust Purchase) to #5 (Robust Promote), has a noteworthy observe report of outperforming, validated by third-party audits, with shares rated #1 producing a mean annual return of +25% for the reason that 12 months 1988. Over the past 30 days, the Zacks Consensus EPS estimate has moved 2.01% decrease. Dow Inc. presently incorporates a Zacks Rank of #5 (Robust Promote).
Taking a look at its valuation, Dow Inc. is holding a Ahead P/E ratio of 19.73. Its business sports activities a mean Ahead P/E of 17.08, so one would possibly conclude that Dow Inc. is buying and selling at a premium comparatively.
It is also essential to notice that DOW presently trades at a PEG ratio of 1.27. Similar to the extensively accepted P/E ratio, the PEG ratio additionally accounts for the corporate’s projected earnings development. The Chemical – Diversified business presently had a mean PEG ratio of 1.36 as of yesterday’s shut.
The Chemical – Diversified business is a part of the Fundamental Supplies sector. With its present Zacks Trade Rank of 205, this business ranks within the backside 19% of all industries, numbering over 250.
The Zacks Trade Rank evaluates the ability of our distinct business teams by figuring out the common Zacks Rank of the person shares forming the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Make sure you comply with all of those stock-moving metrics, and plenty of extra, on Zacks.com.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
