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What to Expect from Dow Chemical's 1Q17 Earnings

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What to Expect from Dow Chemical's 1Q17 Earnings PART 1 OF 5

How Dow Chemical Stock Has Performed since 4Q16 Earnings

Dow Chemical to announce 1Q17 earnings

Dow Chemical (DOW) will announce its 1Q17 earnings on April 27, 2017, before the market opens. In this series, we’ll look at DOW’s stock performance since its 4Q16 earnings release on January 26, 2017. We’ll also analyze analysts’ revenue forecasts, EPS (earnings per share) estimates, analyst recommendations, and the latest valuations.

How Dow Chemical Stock Has Performed since 4Q16 Earnings

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Dow Chemical’s stock performance

Dow Chemical announced its 4Q16 earnings on January 26, 2017. Between then and April 18, 2017, it rose 0.1% and outperformed peers LyondellBasell (LYB), DuPont (DD), and Eastman Chemical (EMN), which have returns of -10%, -0.15%, and -1.9%, respectively. However, DOW underperformed the broad-based SPDR S&P 500 ETF (SPY), which has returned 2.0% for the same duration.

Dow Chemical’s lackluster performance was primarily driven by the prevailing geopolitical tension between America and North Korea, which has resulted in volatile global markets. However, in 1Q17, DOW managed to reach a high of 5.8% since its 4Q16 earnings on the news of receiving conditional approval from the European Commission for the proposed merger between Dow Chemical and DuPont.

Moving averages and relative strength index

Despite DOW’s mediocre stock performance, it managed to trade 1.9% above its 100-day moving average price of $60.35, still indicating an upward trend in the stock. DOW’s 52-week low is $47.51, while its 52-week high is $65.42. The stock’s 14-day RSI (relative strength index) of 41 indicates that it isn’t oversold or overbought. An RSI of 70 means that a stock has moved temporarily into an overbought situation, while an RSI of below 30 indicates that a stock has moved temporarily into an oversold position.

In the next article, we’ll look into analysts’ revenue estimates for DOW in 1Q17.

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