Published on 26 Jul 2022 on Zacks via Yahoo Finance
Celanese Corporation CE is set to release second-quarter 2022 results, after market close on Jul 28. Benefits from productivity actions, project investment, higher demand and strategic acquisitions are likely to get reflected in second-quarter performance. However, the company is likely to have faced headwinds from higher input costs.
The leading chemical and specialty materials maker beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 8.7%, on average. The company delivered an earnings surprise of around 23.4% in the last reported quarter.
Celanese’s shares have declined 25.2% in the past year compared with a 19.4% fall of the industry.