Celanese (NYSE:CE) reported its Q4 earnings results on Tuesday, February 20, 2024 at 04:30 PM.
Here’s what investors need to know about the announcement.
Earnings
Celanese missed estimated earnings by 3.03%, reporting an EPS of $2.24 versus an estimate of $2.31.
Revenue was up $221.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.27 which was followed by a 2.88% drop in the share price the next day.
Here’s a look at Celanese’s past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 2.23 | 2.46 | 1.64 | 1.66 |
| EPS Actual | 2.50 | 2.17 | 2.01 | 1.44 |
| Revenue Estimate | 2.77B | 2.84B | 2.86B | 2.40B |
| Revenue Actual | 2.72B | 2.79B | 2.85B | 2.35B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Celanese management provided guidance for Q1 2024, expecting earnings between $1.75 and $2.0 per share.
To track all earnings releases for Celanese visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
