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Chemical Stock Q1 Earnings Slated on Apr 26: AXTA, HUN, MEOH
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A few chemical companies are lined up to report their quarterly numbers on Apr 26. The chemical industry – which had long been out of favor – is finally getting into the groove. Strength in the automotive sector and a rebound in non-residential construction and housing markets have helped pull the industry out of its funk, notwithstanding a persistently challenging global economic environment.
Chemical companies continue to shift their focus to attractive, growth markets in an effort to cut their exposure to other businesses that are grappling with weak demand. The industry is also seeing a pick-up in consolidation activities as chemical makers are increasingly looking for cost synergy opportunities and enhanced operational scale in a still-difficult global economic environment.
Notwithstanding some lingering headwinds including concerns over China’s economy and weak demand in the energy space, the industry’s recovery momentum is expected to continue in 2017, supported by continued strength in the light vehicles market, positive trends in the construction space and significant shale-linked capital investment.
As per the Zacks Industry classification, the chemical industry is grouped under the broader Basic Materials sector. Based on the Earnings Preview as of Apr 21, 15% of the sector participants on the S&P 500 index have reported their quarterly numbers. Earnings for these companies increased by a solid 41.9% from the same period last year on 12.9% higher revenues.
The Basic Materials sector is one of the only three sectors that are projected to witness double-digit earnings growth in the first quarter. Overall earnings for the sector are projected to rise 11% while revenues are expected to increase 2.1%.
We take a sneak peek into three chemical companies that are slated to report their first-quarter results on Apr 26.
Axalta Coating Systems Ltd. (AXTA - Free Report) will report results before the bell. The company has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 24 cents. Although the stock carries a Zacks Rank #2 (Buy), its 0.00% ESP makes surprise prediction difficult. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Axalta missed the Zacks Consensus Estimate in two of the trailing four quarters while it beat once and reported in line on the other occasion. The company delivered an average negative surprise of 2.25% over this period.
Axalta Coating Systems Ltd. Price and EPS Surprise
Huntsman Corporation (HUN - Free Report) will report quarterly results ahead of the bell. The company has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 38 cents. While the stock carries a Zacks Rank #2, its 0.00% ESP makes surprise prediction difficult. You can see the complete list of today’s Zacks #1 Rank stocks here.
The company beat estimates in each of the trailing four quarters, at an average rate of 22.84%.
Methanex Corporation (MEOH - Free Report) is expected to come up with a positive earnings surprise as it carries a Zacks Rank #1 (Strong Buy) and has an Earnings ESP of +13.04%.
Methanex surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missed on one occasion. The company delivered an average positive surprise of 28.76% over this period.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
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Chemical Stock Q1 Earnings Slated on Apr 26: AXTA, HUN, MEOH
A few chemical companies are lined up to report their quarterly numbers on Apr 26. The chemical industry – which had long been out of favor – is finally getting into the groove. Strength in the automotive sector and a rebound in non-residential construction and housing markets have helped pull the industry out of its funk, notwithstanding a persistently challenging global economic environment.
Chemical companies continue to shift their focus to attractive, growth markets in an effort to cut their exposure to other businesses that are grappling with weak demand. The industry is also seeing a pick-up in consolidation activities as chemical makers are increasingly looking for cost synergy opportunities and enhanced operational scale in a still-difficult global economic environment.
Notwithstanding some lingering headwinds including concerns over China’s economy and weak demand in the energy space, the industry’s recovery momentum is expected to continue in 2017, supported by continued strength in the light vehicles market, positive trends in the construction space and significant shale-linked capital investment.
As per the Zacks Industry classification, the chemical industry is grouped under the broader Basic Materials sector. Based on the Earnings Preview as of Apr 21, 15% of the sector participants on the S&P 500 index have reported their quarterly numbers. Earnings for these companies increased by a solid 41.9% from the same period last year on 12.9% higher revenues.
The Basic Materials sector is one of the only three sectors that are projected to witness double-digit earnings growth in the first quarter. Overall earnings for the sector are projected to rise 11% while revenues are expected to increase 2.1%.
We take a sneak peek into three chemical companies that are slated to report their first-quarter results on Apr 26.
Axalta Coating Systems Ltd. (AXTA - Free Report) will report results before the bell. The company has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 24 cents. Although the stock carries a Zacks Rank #2 (Buy), its 0.00% ESP makes surprise prediction difficult. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Axalta missed the Zacks Consensus Estimate in two of the trailing four quarters while it beat once and reported in line on the other occasion. The company delivered an average negative surprise of 2.25% over this period.
Axalta Coating Systems Ltd. Price and EPS Surprise
Axalta Coating Systems Ltd. Price and EPS Surprise | Axalta Coating Systems Ltd. Quote
Huntsman Corporation (HUN - Free Report) will report quarterly results ahead of the bell. The company has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 38 cents. While the stock carries a Zacks Rank #2, its 0.00% ESP makes surprise prediction difficult. You can see the complete list of today’s Zacks #1 Rank stocks here.
The company beat estimates in each of the trailing four quarters, at an average rate of 22.84%.
Huntsman Corporation Price and EPS Surprise
Huntsman Corporation Price and EPS Surprise | Huntsman Corporation Quote
Methanex Corporation (MEOH - Free Report) is expected to come up with a positive earnings surprise as it carries a Zacks Rank #1 (Strong Buy) and has an Earnings ESP of +13.04%.
Methanex surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missed on one occasion. The company delivered an average positive surprise of 28.76% over this period.
Methanex Corporation Price and EPS Surprise
Methanex Corporation Price and EPS Surprise | Methanex Corporation Quote
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>