U.S. Markets open in 1 hr 18 mins

Q2 Earnings Preview For Celanese

Benzinga Newsdesk

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:

View more earnings on CE


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.

See more from Benzinga

© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.