Strength Seen in DuPont de Nemours (DD): Can Its 12.4% Jump Turn into More Strength?

DuPont de Nemours (DD Quick QuoteDD – Free Report) shares rallied 12.4% in the last trading session to close at $61.95. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock’s 27.8% loss over the past four weeks.

DD’s rally is driven by a surge in material stocks after President Trump announced he would pause reciprocal tariffs for 90 days for most countries.

This specialty chemicals maker is expected to post quarterly earnings of $0.96 per share in its upcoming report, which represents a year-over-year change of +21.5%. Revenues are expected to be $3.03 billion, up 3.3% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

For DuPont de Nemours, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock’s price usually doesn’t keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on DD going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>

DuPont de Nemours is part of the Zacks Chemical – Diversified industry. Arkema SA (ARKAY Quick QuoteARKAY – Free Report) , another stock in the same industry, closed the last trading session 11.1% higher at $73.75. ARKAY has returned -24.6% in the past month.

For Arkema, the consensus EPS estimate for the upcoming report has changed -15% over the past month to $1.45. This represents a change of -27.5% from what the company reported a year ago. Arkema currently has a Zacks Rank of #4 (Sell).