Dow Inc. (DOW) Dips More Than Broader Market: What You Should Know

Dow Inc. (DOW) closed the most recent trading day at $36.65, moving -2.24% from the previous trading session. This move lagged the S&P 500's daily loss of 1.51%. At the same time, the Dow lost 0.97%, and the tech-heavy Nasdaq lost 2.01%.

The materials science's stock has climbed by 19.43% in the past month, exceeding the Basic Materials sector's loss of 12.64% and the S&P 500's loss of 3.63%.

The investment community will be closely monitoring the performance of Dow Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at -$0.34, signifying a 1,800.00% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $9.46 billion, down 9.29% from the prior-year quarter.

For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.09 per share and a revenue of $39.42 billion, signifying shifts of +90.43% and -1.37%, respectively, from the last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Dow Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 11.96% lower within the past month. Right now, Dow Inc. possesses a Zacks Rank of #3 (Hold).

The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 206, putting it in the bottom 16% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow DOW in the coming trading sessions, be sure to utilize Zacks.com.

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This article originally published on Zacks Investment Research (zacks.com).

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