Analysts on Wall Street project that Dow Inc. (DOW) will announce quarterly earnings of $0.63 per share in its forthcoming report, representing an increase of 431.6% year over year. Revenues are projected to reach $11.24 billion, increasing 12.7% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 51.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Dow Inc. metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net Sales- Performance Materials & Coatings' of $2.26 billion. The estimate indicates a year-over-year change of +8.3%.
The combined assessment of analysts suggests that 'Revenues- Corporate' will likely reach $172.50 million. The estimate indicates a year-over-year change of +3.9%.
It is projected by analysts that the 'Net Sales- Packaging & Specialty Plastics' will reach $5.66 billion. The estimate points to a change of +15.7% from the year-ago quarter.
Analysts' assessment points toward 'Net Sales- Industrial Intermediates & Infrastructure' reaching $3.12 billion. The estimate suggests a change of +10% year over year.
Analysts forecast 'Operating EBITDA- Packaging & Specialty Plastics' to reach $998.09 million. Compared to the present estimate, the company reported $548.00 million in the same quarter last year.
The consensus estimate for 'Operating EBITDA- Performance Materials & Coatings' stands at $291.08 million. Compared to the present estimate, the company reported $254.00 million in the same quarter last year.
Analysts predict that the 'Operating EBITDA- Industrial Intermediates & Infrastructure' will reach $322.27 million. The estimate is in contrast to the year-ago figure of $111.00 million.
View all Key Company Metrics for Dow Inc. here>>>Shares of Dow Inc. have demonstrated returns of +4.2% over the past month compared to the Zacks S&P 500 composite's +1.5% change. With a Zacks Rank #3 (Hold), DOW is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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