Dow Chemical 2Q Earnings Pregame Scorecard
Last quarter Dow Chemical (NYSE:DOW) topped estimates by 2 cents per share, and it is scheduled to report again on Thursday.
Expectations
Analysts currently expect Dow Chemical to come in with earnings of 64 cents per share on revenues of $15.7 billion. Estimates range from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from 77 cents.
Stock Movement
The stock fell $3.10 per share between June 20, 2012 and June 28, 2012. Looking at change over the last three months, April 25, 2012 and July 20, 2012, the stock price fell $5.16 (-14.3%), from $36.08 to $30.92.
Company Fundamental Trends
Stock Ratings
Analysts think investors should stand pat on Dow Chemical with eight of 16 analysts rating it hold. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.
Last Quarter's Results
In the first quarter, profit fell 30% to $497 million (35 cents a share) from $710 million (54 cents a share) the year earlier, but exceeded analyst expectations. Revenue remained steady at $14.72 billion.
Summary
Reporting Period: 2Q
Date of Release: Thursday, July 26, 2012 before market open
EPS: 64 cents
Revenue Estimate: $15.7 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)