Celanese Earnings Preview: Can This Streak Continue?
Celanese (NYSE:CE) will report earnings after markets close on Thursday, July 18th. Celanese Corporation is a global industrial chemicals company. Its business involves processing chemical raw materials, such as ethylene and propylene, and natural products, including natural gas and wood pulp, into chemicals and chemical-based products.
Here is your Cheat Sheet to Celanese Earnings:
Earnings Expectations: Analysts expect earnings of $1.16 per share on revenues of $1.66 billion. Currently, the company’s P/E ratio stands at 13.72.
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 $1.09 to a profit $1.19. For the current year, the average estimate is a profit of $4.54, which is better than the estimate ninety days ago.
Here’s how Celanese has been performing on an annual basis:
|Revenue ($) in millions||6,823||5,082||5,918||6,763||6,418|
|Diluted EPS ($)||1.70||3.11||2.37||3.82||3.79|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||1,675.00||1,609.00||1,501.00||1,605.00|
|Diluted EPS ($)||1.31||0.73||0.59||0.89|
Celanese has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)