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Dow Inc. (DOW) Stock Moves -1.74%: What You Should Know

Dow Inc. (DOW) closed the most recent trading day at $45.12, moving -1.74% from the previous trading session. This change was narrower than the S&P 500's daily loss of 2.37%. Meanwhile, the Dow lost 1.35%, and the Nasdaq, a tech-heavy index, lost 0.21%.

Prior to today's trading, shares of the materials science had lost 2.11% over the past month. This has was narrower than the Basic Materials sector's loss of 5.38% and the S&P 500's loss of 6.51% in that time.

Wall Street will be looking for positivity from Dow Inc. as it approaches its next earnings report date. This is expected to be October 20, 2022. The company is expected to report EPS of $1.07, down 61.09% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $13.28 billion, down 10.5% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.81 per share and revenue of $57.05 billion. These totals would mark changes of -24.16% and +3.78%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for Dow Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 11.45% lower. Dow Inc. is holding a Zacks Rank of #5 (Strong Sell) right now.

In terms of valuation, Dow Inc. is currently trading at a Forward P/E ratio of 6.74. This represents a discount compared to its industry's average Forward P/E of 8.75.

We can also see that DOW currently has a PEG ratio of 0.23. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Chemical - Diversified was holding an average PEG ratio of 1.3 at yesterday's closing price.

The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 240, which puts it in the bottom 5% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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