DowDuPont (DWDP) Gears Up For Q1 Earnings: What's In Store?
Zacks Investment Research | Apr 30, 2019 06:42AM ET
DowDuPont Inc. (NYSE:DWDP) is scheduled to come up with its first-quarter 2019 results before the opening bell on May 2. Harsh weather conditions are expected to hurt results in the company’s agriculture business in the quarter. The company is also expected to face currency headwinds.
DowDuPont sees net sales for the first quarter to fall high-single digits percent year over year. It also envisions operating EBITDA to decline high-teens percent on a year over year basis.
The company also expects net sales for its Agriculture unit in the first quarter to be down 11% year over year to $3.4 billion and operating EBITDA to be down 25% on a year over year basis to $665 million.
For the Specialty Products unit, DowDuPont envisions net sales to decline 3% year over year to $5.4 billion in the first quarter. Operating EBITDA is expected to remain flat at $1.6 billion.
For Materials Science, the company expects net sales to decline 10% year over year to $10.8 billion. Operating EBITDA is forecast to fall 24% to $1.9 billion.
The Zacks Consensus Estimate for revenues for the first quarter for DowDuPont is currently pegged at $8,849 million.
DowDuPont’s shares are down around 29% so far this year, underperforming the roughly 3% decline recorded by the Zacks Investment Research
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