Eastman Chemical Company Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Eastman Chemical Company (NYSE:EMN) will unveil its latest earnings on Thursday, January 26, 2012. Eastman Chemical is a global company which manufactures and sells chemicals, plastics, and fibers products to customers in seven countries.

Eastman Chemical Company Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 80 cents per share, a rise of 14.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 89 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 80 cents during the last month. Analysts are projecting profit to rise by 34% versus last year to $4.65.

Past Earnings Performance: Last quarter, the company reported net income of $1.19 per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: On average, analysts predict $1.64 billion in revenue this quarter, a rise of 12.3% from the year ago quarter. Analysts are forecasting total revenue of $7.08 billion for the year, a rise of 21.2% from last year’s revenue of $5.84 billion.

Analyst Ratings: Analysts are bullish on this stock with six analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the third quarter, profit fell 2.9% to $165 million ($1.16 a share) from $170 million ($1.17 a share) the year earlier, but exceeded analyst expectations. Revenue rose 4.8% to $1.81 billion from $1.73 billion.

Key Stats:

Revenue has gone up for three straight quarters. It rose 9.3% in the second quarter from the year earlier and 12.4% in the first quarter.

Competitors to Watch: The Dow Chemical Company (NYSE:DOW), PolyOne Corporation (NYSE:POL), FMC Corporation (NYSE:FMC), Ashland Inc. (NYSE:ASH), A. Schulman, Inc. (NASDAQ:SHLM), Westlake Chemical Corp. (NYSE:WLK), Huntsman Corporation (NYSE:HUN), Kraton Performance Polymers Inc (NYSE:KRA), E.I. du Pont de Nemours & Co. (NYSE:DD), and Albemarle Corporation (NYSE:ALB).

Stock Price Performance: During November 21, 2011 to January 20, 2012, the stock price had risen $9.30 (25.3%) from $36.69 to $45.99. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine-straight days, rising 9.6% (+$4.61) over that span. It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven-straight days, falling 7.5% (-$3.88) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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