Celanese Corporation (NYSE:CE) is reporting second quarter financial results on Tuesday 28th July 2020, after market close.
According to analysts surveyed by Thomson Reuters, CE is expected to report 2Q20 income of $ 1.05 per share from revenue of $ 1075.68 million.
For the full year, analysts anticipate top line of $ 5144.46 million, while looking forward to income of $ 6.74 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 11.00 ~ $ 11.00 per share
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Previous Quarter Performance
Celanese Corporation unwinded income for the first quarter of $ 2.29 per share, from the revenue of $ 1,460.00 million. The quarterly earnings reduced 12.60 percent while revenues down 13.46 percent compared with the same quarter last year.
The consensus estimates are income of $ 2.25 per share from $ 1553.33 million in revenue. The bottom line results beat street analysts by $ 0.04 or 1.78 percent, at the same time, top line results fell short of analysts by $ 93.33 million or 6.01 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CE was $ 95.20, representing a 80.65 % increase from the 52 week low of $ 52.70 and a 26.13 % decrease over the 52 week high of $ 128.88.
The company has a market capital of $ 11.26 billion and is part of the Basic Materials sector and Chemicals industry.
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Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials, Acetate Tow, and Acetyl Chain segments. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.
