Celanese (CE) Beats Earnings and Revenue Estimates in Q4

Zacks Equity Research Published on January 29, 2018

Celanese Corporation (CE - Free Report) , a chemical and advanced materials producer, kept its earnings streak alive with a beat in fourth-quarter 2017.

The company logged adjusted earnings per share of $1.98 in the quarter, up 30.3% from $1.52 a year ago. The figure surpassed the Zacks Consensus Estimate of $1.86.

Also, revenues of $1,593 million were up roughly 21.5% year over year. The top line outpaced the Zacks Consensus Estimate of $1,530 million.

FY17 Results

For 2017, the company posted profits from continuing operations of $856 million or $6.19 per share, compared with $902 million or $6.19 per share a year ago. Adjusted earnings for the year came in at $7.51 per share, up 13.6% from $6.61 in 2016.

Additionally, Celanese reported revenues of $6.1 billion, up around 13.9% from $5.4 billion reported in 2016.

Celanese Corporation Price, Consensus and EPS Surprise

Zacks Rank & Stocks to Consider

Celanese carries a Zacks Rank #3 (Hold).

Better-ranked stocks in the chemical space are Kronos Worldwide Inc. (KRO - Free Report) , Methanex Corporation (MEOH - Free Report) and BASF SE (BASFY - Free Report) . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Kronos has an expected long-term earnings growth of 5%. Its shares have skyrocketed 117.8% over a year.

Methanex has an expected long-term earnings growth of 15%. Shares of the company have rallied 22.7% in a year.

BASF has an expected long-term earnings growth of 8.7%. Shares of the company were up 23% in a year.

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