Wall Street analysts forecast that DuPont de Nemours (DD) will report quarterly earnings of $1.04 per share in its upcoming release, pointing to a year-over-year decline of 11.9%. It is anticipated that revenues will amount to $2.63 billion, exhibiting a decrease of 17.7% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 15.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some DuPont de Nemours metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Net Sales- IndustrialsCo' reaching $2.10 billion. The estimate suggests a change of +51.7% year over year.
Analysts forecast 'Net Sales- ElectronicsCo' to reach $1.22 billion. The estimate points to a change of -21.6% from the year-ago quarter.
Analysts expect 'Operating EBITDA- ElectronicsCo' to come in at $394.86 million. The estimate is in contrast to the year-ago figure of $467.00 million.
According to the collective judgment of analysts, 'Operating EBITDA- Corporate & Other' should come in at -$34.00 million. Compared to the current estimate, the company reported $26.00 million in the same quarter of the previous year.
The consensus among analysts is that 'Operating EBITDA- IndustrialsCo' will reach $515.11 million. The estimate compares to the year-ago value of $364.00 million.
View all Key Company Metrics for DuPont de Nemours here>>>
Shares of DuPont de Nemours have demonstrated returns of -52.1% over the past month compared to the Zacks S&P 500 composite's +1% change. With a Zacks Rank #5 (Strong Sell), DD is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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DuPont de Nemours, Inc. (DD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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