Celanese Earnings: Everything You Must Know Now

Celanese Corp. (NYSE:CE) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Celanese Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 58.33% to $1.14 in the quarter versus EPS of $0.72 in the year-earlier quarter.

Revenue: Decreased 1.71% to $1.61 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Celanese Corp. reported adjusted EPS income of $1.14 per share. By that measure, the company beat the mean analyst estimate of $0.80. It missed the average revenue estimate of $1.62 billion.

Quoting Management: “Celanese delivered a strong quarter. We expanded adjusted EBIT margins both sequentially and year-over-year by more than 400 basis points as we continued to deliver value added solutions to our customers and began to see the impact of the Celanese-specific actions we are implementing. Our combined efforts helped us grow adjusted earnings per share by 44 percent over the prior year period,” said Mark Rohr, chairman and chief executive officer. “Celanese continued to deliver good cash flow results in the first quarter and further increased the cash on our balance sheet. While we are off to a good start, our global teams must remain focused and continue to deliver improved results throughout the year for us to achieve our growth objectives.”

Key Stats (on next page)…

Revenue increased 6.93% from $1.5 billion in the previous quarter. EPS increased 70.15% from $0.67 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.53 to a profit $1.55. For the current year, the average estimate has moved down from a profit of $4.35 to a profit of $4.33 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)