Eastman Chemical Co expected to post earnings of $1.43 a share - Earnings Preview

Eastman Chemical Co

24/04/2024 01:26

* Eastman Chemical Co  EMN.N   EMN  is expected to show a
fall in
quarterly revenue when it reports  results on April 25 for the
period ending March 31 2024
    * The Kingsport Tennessee-based  company is expected to
report a
4.9% decrease in revenue to $2.293 billion from $2.41 billion a
year ago, according to the mean estimate from 14 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Eastman Chemical Co is
for
earnings of $1.43 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 13
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Eastman
Chemical
Co is $100.00​, above​ its last closing price of $96.80. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.29        1.30       1.31      Beat    1.1
 Sep. 30 2023  1.43        1.44       1.47      Beat    2.1
 Jun. 30 2023  1.92        1.93       1.99      Beat    2.9​
 Mar. 31 2023  1.26        1.25       1.63      Beat    30.4
 ​​Dec.        1.26        1.26       0.89      Missed  -29.3
 31 2022                                                
 Sep. 30 2022  2.00        2.00       2.05      Beat    2.4​
 Jun. 30 2022  2.71        2.70       2.83      Beat    4.9
 Mar. 31 2022  2.08        2.11       2.06      Missed  -2.6
 This summary was machine generated April 24 at 00:26 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)