Celanese (CE - Free Report) reported $2.8 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 12.4%. EPS of $2.17 for the same period compares to $4.99 a year ago.
The reported revenue represents a surprise of -1.53% over the Zacks Consensus Estimate of $2.84 billion. With the consensus EPS estimate being $2.46, the EPS surprise was -11.79%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Celanese performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Acetyl Chain: $1.23 billion versus the six-analyst average estimate of $1.29 billion. The reported number represents a year-over-year change of -15.3%.
- Net Sales- Inter segment eliminations: -$23 million compared to the -$26.99 million average estimate based on six analysts. The reported number represents a change of -37.8% year over year.
- Net Sales- Engineered Materials: $1.59 billion versus $1.68 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +67.2% change.
- Operating EBITDA- Acetyl Chain: $386 million compared to the $386.06 million average estimate based on six analysts.
- Operating EBITDA- Engineered Materials: $317 million versus $355.88 million estimated by six analysts on average.
- Operating EBITDA- Other Activities: -$87 million versus -$99.38 million estimated by four analysts on average.
View all Key Company Metrics for Celanese here>>>Shares of Celanese have returned +6% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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Celanese (CE - Free Report) reported $2.8 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 12.4%. EPS of $2.17 for the same period compares to $4.99 a year ago.
The reported revenue represents a surprise of -1.53% over the Zacks Consensus Estimate of $2.84 billion. With the consensus EPS estimate being $2.46, the EPS surprise was -11.79%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Celanese performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Acetyl Chain: $1.23 billion versus the six-analyst average estimate of $1.29 billion. The reported number represents a year-over-year change of -15.3%.
- Net Sales- Inter segment eliminations: -$23 million compared to the -$26.99 million average estimate based on six analysts. The reported number represents a change of -37.8% year over year.
- Net Sales- Engineered Materials: $1.59 billion versus $1.68 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +67.2% change.
- Operating EBITDA- Acetyl Chain: $386 million compared to the $386.06 million average estimate based on six analysts.
- Operating EBITDA- Engineered Materials: $317 million versus $355.88 million estimated by six analysts on average.
- Operating EBITDA- Other Activities: -$87 million versus -$99.38 million estimated by four analysts on average.
View all Key Company Metrics for Celanese here>>>Shares of Celanese have returned +6% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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