Dow Inc. stock outperformed S&P 500 and Nasdaq, but analysts predict decline in earnings

From Nasdaq: 2024-07-12 18:15:20

Dow Inc. (DOW) closed at $52.91, up 0.95%, outperforming S&P 500 and Nasdaq. Stock has fallen 6.51% in the past month, lagging behind Basic Materials sector and S&P 500. Earnings report is set for July 25, 2024, with expected EPS of $0.72 and revenue of $11 billion.

Analysts anticipate a 4% decline in EPS and a 3.67% decrease in revenue for Dow Inc. Year-end estimates project earnings of $2.94 per share and revenue of $43.51 billion, with a 31.25% rise in earnings and a 2.48% drop in revenue. Recent analyst adjustments indicate shifting business patterns.

Dow Inc. is currently trading at a Forward P/E ratio of 17.83, higher than the industry average of 17.28. The PEG ratio stands at 0.77, below the industry average of 1.07. The Chemical – Diversified industry is ranked 204 out of 250 by Zacks, indicating lower performance compared to other sectors.

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Read more at Nasdaq: Dow Inc. (DOW) Outperforms Broader Market: What You Need to Know