Eastman Chemical Co reports results for the quarter ended December 31 - Earnings Summary

Eastman Chemical Co

30/01/2025 22:54

* Eastman Chemical Co  EMN.N  reported quarterly adjusted
earnings
of $1.87​​ per share for the quarter ended December 31, higher
than the same quarter last year, when the company reported EPS
of $1.31.  The mean expectation of seventeen analysts for the
quarter was for earnings of $1.57 per share. Wall Street
expected results to range from $1.44  to $1.65 per share.
    * Revenue rose 1.7% to $2.25 billion from a year ago;
analysts
expected $2.27 billion. 
    * Eastman Chemical Co's reported EPS for the quarter was
$2.82​.
    * The company reported quarterly net income of $330 million.
    * Eastman Chemical Co shares had risen by 1.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.7%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the diversified
chemicals peer group is also "buy"

Wall Street's median 12-month price target for Eastman Chemical
Co is $112.00 
This summary was machine generated from LSEG data January 30 at
10:53 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.57           1.87           Beat
 Sep. 30 2024      2.14           2.26           Beat
 Jun. 30 2024      2.01           2.15           Beat
 Mar. 31 2024      1.43           1.61           Beat