Eastman Chemical Co expected to post earnings of $2.01 a share - Earnings Preview

Eastman Chemical Co

23/07/2024 21:44

* Eastman Chemical Co  EMN.N   EMN  is expected to show a
rise in
quarterly revenue when it reports  results on July 25 for the
period ending June 30 2024
    * The Kingsport Tennessee-based  company is expected to
report a
1.5% increase in revenue to $2.358 billion from $2.32 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 $2.01 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 11
"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 $104.50​, above​ its last closing price of $97.31. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.44        1.43       1.61      Beat    12.2
 Dec. 31 2024  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.        1.26        1.25       1.63      Beat    30.4
 31 2023                                                
 Dec. 31 2022  1.26        1.26       0.89      Missed  -29.3​
 Sep. 30 2022  2.00        2.00       2.05      Beat    2.4
 Jan. 1 0001   2.71        2.70       2.83      Beat    4.9
 This summary was machine generated July 23 at 20:44 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)