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Celanese (CE) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates

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Wall Street analysts forecast that Celanese (CE - Free Report) will report quarterly earnings of $2.84 per share in its upcoming release, pointing to a year-over-year increase of 13.6%. It is anticipated that revenues will amount to $2.68 billion, exhibiting a decline of 1.4% compared to the year-ago quarter.

The current level reflects a downward revision of 3.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.

In light of this perspective, let's dive into the average estimates of certain Celanese metrics that are commonly tracked and forecasted by Wall Street analysts.

Analysts predict that the 'Net Sales- Acetyl Chain' will reach $1.23 billion. The estimate indicates a change of +1% from the prior-year quarter.

The consensus among analysts is that 'Net Sales- Engineered Materials' will reach $1.49 billion. The estimate suggests a change of -2.8% year over year.

The collective assessment of analysts points to an estimated 'Operating EBITDA- Acetyl Chain' of $369.92 million. The estimate is in contrast to the year-ago figure of $365 million.

The consensus estimate for 'Operating EBITDA- Engineered Materials' stands at $381.28 million. The estimate is in contrast to the year-ago figure of $340 million.

View all Key Company Metrics for Celanese here>>>

Shares of Celanese have demonstrated returns of -6% over the past month compared to the Zacks S&P 500 composite's +1.8% change. With a Zacks Rank #5 (Strong Sell), CE is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>


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