Dow Chemical (NYSE: DOW ) is expected to report Q3 earnings on Oct. 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Dow Chemical's revenues will wither -5.9% and EPS will shrink -38.7%.
The average estimate for revenue is $14.22 billion. On the bottom line, the average EPS estimate is $0.38.
Last quarter, Dow Chemical reported revenue of $14.51 billion. GAAP reported sales were 9.6% lower than the prior-year quarter's $16.05 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.55. GAAP EPS of $0.55 for Q2 were 35% lower than the prior-year quarter's $0.84 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 16.1%, 50 basis points better than the prior-year quarter. Operating margin was 7.8%, 20 basis points worse than the prior-year quarter. Net margin was 5.1%, 150 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $57.35 billion. The average EPS estimate is $1.91.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,100 members out of 2,229 rating the stock outperform, and 129 members rating it underperform. Among 590 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 573 give Dow Chemical a green thumbs-up, and 17 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dow Chemical is hold, with an average price target of $36.43.
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