We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Chemical Stocks Q2 Earnings Slated on Aug 4: MTX, OEC, KOP
Read MoreHide Full Article
A few chemical companies are scheduled to report their quarterly numbers on Aug 4. The chemical industry falls under the broader Basic Materials sector. This sector is one among the eight of the 16 Zacks sectors anticipated to post negative earnings growth in the second quarter. Per the latest Earnings Preview report, its earnings are projected to be down 10.6% on 7.6% lower sales on a year-over-year basis.
Based on the earnings releases, 65% of the sector’s participants on the S&P 500 index have already reported their quarterly scores, posting a 5.9% decline in earnings and a 10.1% fall in revenues, as of Jul 29.
The chemical industry is gradually gaining strength, benefitting from sustained momentum in the automotive space and rebounding construction markets. Chemical companies are looking for cost-synergy opportunities and enhanced operational scale through consolidations amid nagging macroeconomic challenges. These companies also remain focused on improving their reach in high-growth markets in a bid to diminish their exposure to businesses grappling with depressed demand and input cost pressure.
However, some industry-specific challenges, Eurozone’s tepid recovery and concerns over China’s future growth remain concerns for the chemical industry.
Let’s take a peek at three chemical companies that are slated to report their second-quarter results on Aug 4.
Minerals Technologies Inc. (MTX - Free Report) – scheduled to report before the bell – has an Earnings ESP of +0.87% as the Most Accurate estimate stands at $1.16 and the Zacks Consensus Estimate is pegged at $1.15. The stock’s favorable Zacks Rank #3 (Hold) and a positive ESP shows that it is likely to beat earnings. Minerals Technologies surpassed the Zacks Consensus Estimate over the trailing four quarters, with an average beat of 2.98%.
Orion Engineered Carbons SA (OEC - Free Report) will release earnings results after the bell. The stock has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 36 cents. The company carries a Zacks Rank #2 (Buy), but its 0.00% ESP makes surprise prediction difficult. Orion missed estimates in two of the trailing four quarters while beating in one and breaking even in the other, with an average negative surprise of 4.97%.
Koppers Holdings Inc. (KOP - Free Report) is set to report its quarterly numbers before the market opens. It has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 62 cents. The company carries a Zacks Rank #3, but its 0.00% ESP makes surprise prediction difficult. Koppers beat the Zacks Consensus Estimate in three of the trailing four quarters, with an average positive surprise of 59.17%.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Chemical Stocks Q2 Earnings Slated on Aug 4: MTX, OEC, KOP
A few chemical companies are scheduled to report their quarterly numbers on Aug 4. The chemical industry falls under the broader Basic Materials sector. This sector is one among the eight of the 16 Zacks sectors anticipated to post negative earnings growth in the second quarter. Per the latest Earnings Preview report, its earnings are projected to be down 10.6% on 7.6% lower sales on a year-over-year basis.
Based on the earnings releases, 65% of the sector’s participants on the S&P 500 index have already reported their quarterly scores, posting a 5.9% decline in earnings and a 10.1% fall in revenues, as of Jul 29.
The chemical industry is gradually gaining strength, benefitting from sustained momentum in the automotive space and rebounding construction markets. Chemical companies are looking for cost-synergy opportunities and enhanced operational scale through consolidations amid nagging macroeconomic challenges. These companies also remain focused on improving their reach in high-growth markets in a bid to diminish their exposure to businesses grappling with depressed demand and input cost pressure.
However, some industry-specific challenges, Eurozone’s tepid recovery and concerns over China’s future growth remain concerns for the chemical industry.
Let’s take a peek at three chemical companies that are slated to report their second-quarter results on Aug 4.
Minerals Technologies Inc. (MTX - Free Report) – scheduled to report before the bell – has an Earnings ESP of +0.87% as the Most Accurate estimate stands at $1.16 and the Zacks Consensus Estimate is pegged at $1.15. The stock’s favorable Zacks Rank #3 (Hold) and a positive ESP shows that it is likely to beat earnings. Minerals Technologies surpassed the Zacks Consensus Estimate over the trailing four quarters, with an average beat of 2.98%.
MINERAL TECH Price and EPS Surprise
MINERAL TECH Price and EPS Surprise | MINERAL TECH Quote
Orion Engineered Carbons SA (OEC - Free Report) will release earnings results after the bell. The stock has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 36 cents. The company carries a Zacks Rank #2 (Buy), but its 0.00% ESP makes surprise prediction difficult. Orion missed estimates in two of the trailing four quarters while beating in one and breaking even in the other, with an average negative surprise of 4.97%.
ORION ENGINRD Price and EPS Surprise
ORION ENGINRD Price and EPS Surprise | ORION ENGINRD Quote
Koppers Holdings Inc. (KOP - Free Report) is set to report its quarterly numbers before the market opens. It has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 62 cents. The company carries a Zacks Rank #3, but its 0.00% ESP makes surprise prediction difficult. Koppers beat the Zacks Consensus Estimate in three of the trailing four quarters, with an average positive surprise of 59.17%.
KOPPERS HOLDNGS Price and EPS Surprise
KOPPERS HOLDNGS Price and EPS Surprise | KOPPERS HOLDNGS Quote
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>