U.S. Markets open in 7 hrs 16 mins
  • S&P Futures

    3,655.25
    +32.00 (+0.88%)
     
  • Dow Futures

    29,878.00
    +249.00 (+0.84%)
     
  • Nasdaq Futures

    12,395.50
    +118.50 (+0.97%)
     
  • Russell 2000 Futures

    1,841.40
    +21.30 (+1.17%)
     
  • Crude Oil

    45.08
    -0.26 (-0.57%)
     
  • Gold

    1,788.80
    +7.90 (+0.44%)
     
  • Silver

    22.95
    +0.36 (+1.58%)
     
  • EUR/USD

    1.1966
    +0.0031 (+0.2633%)
     
  • 10-Yr Bond

    0.8440
    0.0000 (0.00%)
     
  • Vix

    20.57
    -0.27 (-1.30%)
     
  • GBP/USD

    1.3384
    +0.0053 (+0.3962%)
     
  • USD/JPY

    104.3080
    -0.0160 (-0.0153%)
     
  • BTC-USD

    19,400.43
    -164.12 (-0.84%)
     
  • CMC Crypto 200

    381.59
    +16.99 (+4.66%)
     
  • FTSE 100

    6,266.19
    -101.39 (-1.59%)
     
  • Nikkei 225

    26,787.54
    +353.92 (+1.34%)
     

Eastman Chemical Earnings Preview

Benzinga Insights
·1 min read

Eastman Chemical (NYSE: EMN) unveils its next round of earnings this Monday, August 03. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings and Revenue

Wall Street analysts see Eastman Chemical reporting earnings of $1.05 per share on revenue of $1.83 billion. Eastman Chemical EPS in the same period a year ago totaled $1.990. Sales were $2.36 billion. If the company were to report in-line earnings when it publishes results Monday, earnings would be down 47.24%. Sales would be down 19.03% on a year-over-year basis. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

Quarter

Q1 2020

Q4 2020

Q3 2019

Q2 2019

EPS Estimate

1.72

1.34

1.98

2.09

EPS Actual

2.03

1.42

1.94

1.99

Revenue Estimate

2.26 B

2.21 B

2.36 B

2.55 B

Revenue Actual

2.24 B

2.21 B

2.33 B

2.36 B

Stock Performance

Over the last 52-week period, shares are up 8.99%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.

View more earnings on EMN

Don't be surprised to see the stock move on comments made during its conference call. Eastman Chemical is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/qyvjwen3

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.