Celanese (NYSE: CE ) is expected to report Q3 earnings on Oct. 22. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Celanese's revenues will drop -5.5% and EPS will drop -28.3%.
The average estimate for revenue is $1.71 billion. On the bottom line, the average EPS estimate is $0.91.
Last quarter, Celanese notched revenue of $1.68 billion. GAAP reported sales were 4.4% lower than the prior-year quarter's $1.75 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.47. GAAP EPS of $1.31 for Q2 were 2.3% higher than the prior-year quarter's $1.28 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 19.8%, 360 basis points worse than the prior-year quarter. Operating margin was 10.0%, 310 basis points worse than the prior-year quarter. Net margin was 12.5%, 90 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $6.61 billion. The average EPS estimate is $3.83.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 347 members out of 376 rating the stock outperform, and 29 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give Celanese a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Celanese is outperform, with an average price target of $55.31.
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