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On Monday, Celanese (NYSE:CE) will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
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Celanese EPS will likely be near $2.51 while revenue will be around $1.64 billion, according to analysts.
Celanese earnings in the same period a year ago was $2.96. Quarterly sales came in at $1.77 billion. The Wall Street consensus estimate for earnings would represent a 15.20% decrease for the company. Revenue would be down 7.40% from the year-ago period. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 |
| EPS Estimate | 2.350 | 2.430 | 2.4 | 2.71 |
| EPS Actual | 2.380 | 2.620 | 2.38 | 2.96 |
Stock Performance
Over the last 52-week period, shares are up 22.27%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on Celanese stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.