Wilmington, Delaware-based DuPont de Nemours, Inc. (DD) is a specialty chemical company providing technology-based materials, ingredients, and solutions. The company is valued at $33.6 billion by market cap. DuPont is expected to announce its Q2 earnings before the market opens on Wednesday, Jul. 31.
Ahead of the event, analysts expect the chemicals giant to report a profit of $0.85 per share, matching the amount reported in the same quarter last year. The company has consistently surpassed Wall Street’s EPS projection over the past four quarters. DD reported an EPS of $0.79 in the most recent quarter, exceeding the consensus estimates by 21.5%.
In fiscal 2024, analysts expect DD to report an EPS of $3.63, up 4.3% from $3.48 in fiscal 2023. Looking forward to fiscal 2025, its EPS is expected to grow 16.8% year over year to $4.24.
DD stock is up 4% on a YTD basis, underperforming the S&P 500 Index’s ($SPX) 16.9% gains and the S&P 500 Materials Sector SPDR’s (XLB) 5.5% returns over the same time frame.
DuPont’s shares surged 8% on May 1 after the company reported better-than-expected Q1 earnings and raised its full-year forecasts. A 5% rise in net sales in its largest segment, Electronics and industrials (E&I), and an improved outlook for demand in China boosted the stock price. In addition, its optimistic projections for future growth in the semiconductor sector, driven by AI, further fueled investor confidence.
The consensus opinion on DuPont stock is cautiously optimistic, with a “Moderate Buy” rating overall. Among 15 analysts covering the stock, eight recommend “Strong Buy,” one advocates “Moderate Buy,” five suggest “Hold,” and one advises a “Moderate Sell” rating.
This configuration is more bullish than three months ago, with four analysts suggesting a "Strong Buy." The average target price for DuPont stock is $92.17, indicating a potential upside of 15.2% from current price levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
