Dow Analysts Slash Their Forecasts After Weak Q2 Results
Dow Inc. (NYSE:DOW) reported worse-than-expected second-quarter financial results and cut dividend by 50% on Thursday.
The company reported an adjusted loss of 42 cents per share, wider than Wall Street's projected 12-cent loss, according to consensus estimates. Revenue fell 7% year over year to $10.104 billion, missing the $10.252 billion estimate.
Dow posted a GAAP net loss of $801 million for the quarter, while operating EBIT swung to a loss of $21 million from $819 million in the same period a year ago.
"This quarter, Team Dow advanced several aggressive actions in response to the lower-for-longer earnings environment that our industry is facing, amplified by recent trade and tariff uncertainties," commented Jim Fitterling, Dow chair and CEO.
Dow expects third-quarter 2025 net sales of approximately $10.2 billion versus the consensus of $10.599 billion.
Dow shares gained 1.4% to trade at $25.40 on Friday.
These analysts made changes to their price targets on Dow following earnings announcement.
- Evercore ISI Group analyst Eric Boyes downgraded Dow from Outperform to In-Line and lowered the price target from $56 to $32.
- Morgan Stanley analyst Vincent Andrews maintained the stock with an Equal-Weight rating and cut the price target from $35 to $27.
Considering buying DOW stock? Here’s what analysts think:
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Latest Ratings for DOW
Date | Firm | Action | From | To |
---|---|---|---|---|
Jan 2022 | Goldman Sachs | Maintains | Neutral | |
Jan 2022 | Goldman Sachs | Maintains | Neutral | |
Jan 2022 | Mizuho | Maintains | Neutral |
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