Dow Inc. shares closed at $28.51, marking a 1.39% gain that outpaced the S&P 500's 0.02% loss during the recent trading session. While the Dow Jones Industrial Average fell 0.35% and the Nasdaq Composite dropped 0.15%, the materials science company moved in the opposite direction.

Over the past month, Dow Inc. stock has declined by 2.7%, a drop that exceeded the 5.62% loss seen across the Basic Materials sector. Despite these recent losses, the company still trailed the S&P 500, which posted a 2.05% gain over the same period.

Investors are now turning their attention to the company's upcoming earnings report, expected to be released on October 22, 2026. Analysts anticipate the company will report earnings per share of $0.68, representing a 457.89% increase from the same quarter in the previous year. Revenue is currently forecast at $11.25 billion, indicating a 12.84% growth rate compared to the corresponding quarter of the prior year.

For the full annual period, Zacks Consensus Estimates project earnings of $2.41 per share and total revenue of $43.46 billion. These figures represent increases of 356.38% and 8.73%, respectively, from the last year. Recent adjustments to analyst estimates often reflect shifting short-term business dynamics, with positive revisions typically signaling optimism about a company's outlook.

Research indicates that such estimate revisions correlate with near-term share price momentum, a relationship utilized in the Zacks Rank model. This rating system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an independently audited track record where #1 stocks delivered an average annual return of +25% since 1988. Within the past month, the Zacks Consensus EPS estimate for Dow Inc. has moved 0.67% higher, and the company currently holds a Zacks Rank of #3 (Hold).

In terms of valuation, Dow Inc. trades at a Forward P/E ratio of 11.69, which is a discount to its industry average of 15.21. The stock also carries a PEG ratio of 0.38, a metric that adjusts the P/E ratio for expected earnings growth. This is significantly lower than the Chemical - Diversified industry average PEG ratio of 1.17.

The Chemical - Diversified industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 213 out of more than 250 industries, placing it in the bottom 14%. This rank is determined by the average Zacks Rank of individual stocks within the group, with research showing that top-rated industries outperform the bottom half by a factor of 2 to 1.