Dow Inc. (DOW) earnings on April 23, 2026
Prior outlook: Pessimistic Outcome: Partial
The stock jumped as much as 3.2% during the day but fell back and ended slightly lower by 0.7% after the earnings report.
DOW price around the earnings
38.53
Change: -0.7%
2026-04-23, 19:59 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Partial
- Thesis published
Deteriorating trend.
After a strong upward move recently, the stock has experienced a sharp decline in the past two weeks. This reversal suggests that expectations might be too high heading into the earnings report.
Context analyzed before publication
- Summary
- Deteriorating trend.
- Playbook
- Given the recent sharp decline and conflicting contexts, the scenario remains uncertain amid a lack of clear trend stability.
- Trend
- Outlook deteriorating over past three sessions.
Analysts
Drivers
-
Analysts
Neutral
Analysts hold an optimistic overall scenario, though the potential price increase is modest. Furthermore, recent actions from analysts are mixed, not showing a clear consensus.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 2.44
- Analysts covering the stock
- 16
- Average price target
- 40.94
- Lowest price target
- 29
- Highest price target
- 48
- Upside to price target
- 6.9%
- Revenue growth
- -9.1%
- Forward EPS
- 1.57
- Trailing EPS
- -3.7
- Analyst moves in the last 60 days
- 10
- Strong buy: 3
- Buy: 4
- Hold: 10
- Sell: 0
- Strong sell: 1
- Strong buy
- 3
- Buy
- 4
- Hold
- 10
- Sell
- 0
- Strong sell
- 1
- April 21, 2026 · Morgan Stanley: Maintains rating (Equal-Weight → Equal-Weight)
- April 8, 2026 · Citigroup: Maintains rating (Buy → Buy)
- April 6, 2026 · B of A Securities: Downgrades rating (Neutral → Underperform)
- March 30, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- March 23, 2026 · Mizuho: Maintains rating (Neutral → Neutral)
- March 18, 2026 · UBS: Maintains rating (Neutral → Neutral)
- March 13, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- March 12, 2026 · Citigroup: Upgrades rating (Neutral → Buy)
- March 10, 2026 · Jefferies: Maintains rating (Hold → Hold)
- March 9, 2026 · Fermium Research: Upgrades rating (Hold → Buy)
News and sentiment
Drivers
-
News & sentiment
Negative
Despite the recent price drop, many individual investors remain optimistic online. This optimism, combined with low market review activity, could context a crowded case and potential risk.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
There is no news coverage available for this event.
Technicals
Drivers
-
Technical
Negative
The stock's price has fallen in the last 14 days, even though it had risen over the past 30 days. This indicates a recent change in direction before the earnings announcement.
Evidence
- Average true range (ATR)
- 5.3%
- Distance to 52-week high
- -10.4%
- 14-day change (14d)
- -5.9%
- 30-day change
- +13.0%
- 30-day relative strength
- +9.2%
- Benchmark change
- +3.8%
- Nearest support
- 33.2
- Nearest resistance
- 42.74
- Volume accumulation ratio
- 1.06
Trends
Evidence
- Average earnings surprise
- +41.0%
- January 29, 2026: actual EPS -0.34 vs estimate -0.51 (surprise +33.7%)
- October 23, 2025: actual EPS -0.19 vs estimate -0.3 (surprise +36.8%)
- July 24, 2025: actual EPS -0.42 vs estimate -0.16 (surprise -156.3%)
- April 24, 2025: actual EPS 0.02 vs estimate -0.01 (surprise +249.8%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 18 earnings
- Median move
- 2.1%
- 75th percentile move
- 3.4%
- 90th percentile move
- 7.6%
- Up / down moves
- 9 / 9
- Average up move
- +3.7%
- Average down move
- -3.5%
Monitoring and close
What Dow Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Partial
- Consolidated
- -0.7%
- Max favorable move (MFE)
- 5.4%
- Max adverse move (MAE)
- 3.2%