Published on 7 May 2024 on Zacks via Yahoo Finance
Celanese (CE) to Report Q1 Earnings: What's in the Offing?
Celanese Corporation CE is scheduled to release first-quarter 2024 results after the closing bell on May 8.The company surpassed Zacks Consensus Estimate for earnings in two of the last four quarters and missed twice, with the average being 5.2%.The company is expected to have benefited from cost-cutting and efficiency initiatives, as well as investments in high-return organic projects and acquisition synergies in the quarter to be reported. However, it is likely to have been challenged by issues such as low demand, customer destocking in some end markets and pricing pressures.The stock has gained 50.1% in the past year against the industry’s fall of 10.7%.
Image Source: Zacks Investment Research