Dow Inc. Shares Soar 2.78% as Q1 EPS Forecast Plunges 1,750%
Dow Inc. shares jumped 2.78%, outpacing a 0.43% S&P 500 decline and outperforming monthly sector gain of 7.73% with a 10.09% rise. Analysts forecast Q1 EPS of -$0.33, a 1,750% drop y/y, and revenue of $9.42B, while full-year EPS is expected at -$0.18 on $39.25B sales.
1. Intraday and Monthly Performance
Dow Inc. stock rose 2.78% to close at $30.73, outpacing the S&P 500’s 0.43% drop, the Dow Jones Industrial Average’s 1.05% loss and the Nasdaq’s 0.92% decline. Over the past month, shares climbed 10.09%, exceeding the Basic Materials sector’s 7.73% gain and the S&P 500’s 0.5% fall.
2. Q1 and Full-Year Forecasts
Analysts project first-quarter EPS of -$0.33, representing a 1,750% year-over-year decline, on revenue of $9.42 billion, down 9.7%. For the full year, EPS is expected at -$0.18, an 80.85% increase from last year’s loss, on sales of $39.25 billion, a 1.8% decrease.
3. Analyst Revisions and Industry Ranking
The consensus EPS estimate for the upcoming quarter has risen 19.86% over the past month, supporting a Hold rating. The diversified chemicals industry ranks 169 out of over 250, placing it in the bottom 32% among sectors.