Dow Inc. (DOW) stock increases by 0.3%, but lags behind S&P 500

From Nasdaq: 2024-10-11 18:15:22

In the latest trading session, Dow Inc. (DOW) saw a 0.3% increase, closing at $53.78. This shift lagged behind the S&P 500’s gain of 0.61%. Over the past month, DOW shares have gained 6.69%, surpassing the sector and S&P 500 gains during this time.

Dow Inc. is set to release earnings on October 24, 2024, with projected earnings of $0.46 per share, indicating a 4.17% year-over-year decline. Revenue is expected to be $10.73 billion, dropping 0.04% from the year-ago quarter. Analysts’ estimate revisions impact stock price performance, with DOW currently at a Zacks Rank of #5 (Strong Sell).

With a Forward P/E ratio of 22.81, DOW is trading at a premium compared to the industry average of 17.75. The PEG ratio stands at 1.07, slightly below the industry average of 1.19. The Chemical – Diversified industry has a Zacks Industry Rank of 186, placing it in the bottom 27% of all industries.

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Read more at Nasdaq: Dow Inc. (DOW) Rises But Trails Market: What Investors Should Know