Q2 Earnings Preview For Celanese
On Monday, July 22, Celanese (NYSE: CE) will release its latest earnings report. Check out Benzinga's preview to understand the implications.
Earnings and Revenue
Celanese EPS will likely be near $2.35 while revenue will be around $1.66 billion, according to analysts.
Celanese EPS in the same period a year ago totaled $2.90. Sales were $1.84 billion. The analyst consensus estimate would represent a 18.97% decline in the company's EPS figure. Revenue would have fallen 9.98% from the same quarter last year. Here's how the Celanese's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
EPS Estimate | 2.430 | 2.4 | 2.71 | 2.4 |
EPS Actual | 2.620 | 2.38 | 2.96 | 2.9 |
Stock Performance
Over the last 52-week period, shares of Celanese have declined 4.39%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Over the past 90 days, analysts have adjusted their estimates lower for EPS and revenues. The average rating by analysts on Celanese stock is a Neutral. The validity of this rating has maintained conviction over the past 90 days.
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