Celanese (CE - Free Report) closed the most recent trading day at $101.13, moving +0.98% from the previous trading session. This change outpaced the S&P 500's 0.76% loss on the day. Elsewhere, the Dow lost 0.82%, while the tech-heavy Nasdaq lost 0.9%.
Coming into today, shares of the chemical company had gained 0.12% in the past month. In that same time, the Basic Materials sector lost 3.13%, while the S&P 500 lost 1.41%.
CE will be looking to display strength as it nears its next earnings release, which is expected to be January 24, 2019. The company is expected to report EPS of $2.44, up 23.23% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.74 billion, up 9.17% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $11.10 per share and revenue of $7.20 billion, which would represent changes of +47.8% and +17.32%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for CE. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.35% higher within the past month. CE is currently a Zacks Rank #2 (Buy).
Investors should also note CE's current valuation metrics, including its Forward P/E ratio of 9.02. For comparison, its industry has an average Forward P/E of 16.41, which means CE is trading at a discount to the group.
We can also see that CE currently has a PEG ratio of 0.9. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CE's industry had an average PEG ratio of 1.36 as of yesterday's close.
The Chemical - Specialty industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.