How DowDuPont Stock Has Performed since First-Quarter Earnings



DowDuPont’s second-quarter earnings

DowDuPont (DWDP) is scheduled to announce its second-quarter earnings on August 2 at 8:00 AM EST before the market opens. DowDuPont will hold a conference call to discuss the results. In this series, we’ll discuss DowDuPont’s stock performance since its Q1 2018 earnings. We’ll also look at analysts’ revenue and EPS estimates, analysts’ latest recommendations, and trends in DWDP’s short interest.

DowDuPont announced its first-quarter earnings on May 3. Since then, the stock has gained 7.7%. The gain was primarily due to strong 1Q 2018 earnings. Despite a decline in the Agriculture segment revenue, the company was able to beat Wall Street estimates. DWDP’s adjusted EPS also managed to beat the analysts’ estimates as well. The stock overcame the volatility created due to the tariff battle between the US and China. Further, the progress in the intended spin-off added to the stock price gains.

DowDuPont managed to beat the selected peers and outperform the S&P 500 (SPY), which has gained 7.2% for the same period. DWDP’s peer LyondellBasell (LYB) has gained 5.3%, while Westlake Chemical (WLK) and Eastman Chemical (EMN) have declined by 0.4% and 1.9%, respectively.

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Moving averages and relative strength index

The substantial gain in the stock price has resulted in DWDP trading 3.0% above the 100-day moving average price of $66.38, indicating an upward trend in the stock. DWDP has a relative strength index of 60, indicating that the stock is neither overbought nor oversold. An RSI of 30 or below shows that the stock is oversold, while an RSI of 70 or above means that the stock is overbought.


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