On Thursday, Eastman Chemical (NYSE: EMN) will report
its last quarter's earnings. Here is Benzinga's take on the company's latest release.
Earnings and Revenue
Eastman Chemical EPS will likely be near $1.05 while revenue will be around $2.24 billion, according to analysts.
Eastman Chemical EPS in the same period a year ago totaled $1.51 per share. Sales were $2 billion. If the company were to post
earnings inline with the current consensus estimate when it reports Thursday, revenue would be up 2.38 percent on a year-over-year
basis.
Eastman Chemical's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter |
Q3 2017 |
Q2 2017 |
Q1 2017 |
| EPS Estimate |
2.02 |
1.91 |
1.74 |
| EPS Actual |
2.19 |
1.98 |
1.83 |
Q4 EPS Estimate: $1.05
Q4 Revenues Estimate: $2.24 billion
Stock Performance
As of Feb. 1, Eastman Chemical's share price was $100.02. Over the last 52-week period, shares are up 28.86 percent. Given that
these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are
already enjoying 12-month gains prior to the announcement.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on
Eastman Chemical stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
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