* Dow Inc reported quarterly adjusted earnings of 56 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 58 cents. The mean expectation of twenty analysts for the quarter was for earnings of 45 cents per share. Wall Street expected results to range from 41 cents to 54 cents per share.
* Revenue fell 9.2% to $10.77 billion from a year ago; analysts expected $10.74 billion.
* Dow Inc's reported EPS for the quarter was 73 cents.
* The company reported quarterly net income of $516 million.
* Dow Inc shares had fallen by 1.6% this quarter and gained 3.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 7.5% in the last three months.
* In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 21 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the commodity chemicals peer group is also "hold"
Wall Street's median 12-month price target for Dow Inc is $60.00 This summary was machine generated from LSEG data April 25 at 01:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.45 0.56 Beat
Dec. 31 2023 0.40 0.43 Beat
Sep. 30 2023 0.44 0.48 Beat
Jun. 30 2023 0.70 0.75 Beat
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