A few chemical companies are gearing up to report their quarterly numbers on Jul 26. The chemical industry is back on track after staying down for long. While the industry still remains hamstrung by several challenges, its healthy momentum is expected to continue in the second quarter, supported by continued strength across key end-use markets (such as automotive and construction) and an upswing in the world economy.
Chemical makers are expected to gain from continued focus on cost and productivity, operational efficiency improvement and expansion of scale through acquisitions.
As per the Zacks Industry classification, the chemical industry is grouped under the broader Basic Materials sector. Overall Q2 earnings for the sector are projected to rise 1.5% while revenues are expected to increase 2.8%, per the latest Earnings Preview
Let's take a sneak peek into three chemical companies that are gearing up to report their second-quarter results on Jul 26.
Stepan Company Price and EPS Surprise
Ferro Corporation (FOE - Free Report) will report after the bell. Our proven model does not conclusively show that the company is likely to beat estimates this quarter. The company has an Earnings ESP of 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at 33 cents. The stock carries a Zacks Rank #4 (Sell). Note that we caution against Sell-rated (Zacks Rank #4 or 5) stocks going into the earnings announcement. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Ferro Corporation Price and EPS Surprise
Kraton Corporation (KRA - Free Report) will report after the closing bell. The company has an Earnings ESP of 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at 55 cents. While the stock carries a favorable Zacks Rank #3, its 0.00% ESP makes surprise prediction difficult.
Kraton Corporation Price and EPS Surprise
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