Dow (DOW – Free Report) closed at $23.11 in the latest trading session, marking a +1.09% move from the previous day. The stock’s change was more than the S&P 500’s daily loss of 0.09%. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq added 0.13%.
Materials science stocks saw a gain of 3.44% over the previous month, lagging the Basic Materials sector with a gain of 3.88%, and outperforming the S&P 500’s gain of 1.89%.
The investment community will be paying close attention to Dow Inc.’s earnings performance. In its next release. Meanwhile, our latest consensus estimate calls for revenue of $9.53 billion, reflecting a decline of 8.45% from the same quarter last year.
For the annual period, our Zacks Consensus Estimates are projecting earnings of -$0.99 per share and revenue of $40.03 billion, indicating shifts of -157.89% and -6.82%, respectively, from the prior year.
Investors should also pay attention to any more recent changes in analyst estimates for Dow Inc. These revisions help reflect the ever-changing nature of near-term business trends. As a result, upbeat estimate changes indicate analysts’ positive expectations about the health and profitability of the business.
Our research shows that these estimate revisions are directly related to the impending performance of stock prices. To exploit this, we form the Zacks Rank, a quantitative model that incorporates these estimate changes and provides an actionable rating system.
The Zacks Rank system, which spans from #1 (Strong Buy) to #5 (Strong Sell), has an impressive, independently audited track record of outperformance, with #1 stocks contributing an average annual return of +25% since 1988. Over the past 30 days, the Zacks Consensus EPS estimate has moved 0.55% higher. Dow Inc. Currently a Zacks Rank #3 (Hold).
The diversified chemical industry is part of the Basic Materials sector. With a current Zacks Industry Rank of 217, this industry ranks in the bottom 13% of all 250+ industries.
The Zacks Industry Rank evaluates the strength of our specific industry groups by calculating the average Zacks Rank of the individual stocks combined into the groups. Our research shows that the top 50% of ranked industries outperform the bottom half by a factor of 2 to 1.
Consider relying on Zacks.com to see all of these metrics impacting the stock, and more, in the following trading sessions.
Want the latest recommendations from Zacks Investment Research? Download the 7 best stocks for the next 30 days. Click to get this free report
