Eastman Chemical Co reports results for the quarter ended in September 30 - Earnings Summary
Eastman Chemical Co EMN.N reported quarterly adjusted earnings of $2.26 per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.47. The mean expectation of nineteen analysts for the quarter was for earnings of $2.14 per share. Wall Street expected results to range from $2.10 to $2.18 per share.
Revenue rose 8.7% to $2.46 billion from a year ago; analysts expected $2.38 billion.
Eastman Chemical Co's reported EPS for the quarter was $1.53.
The company reported quarterly net income of $180 million.
Eastman Chemical Co shares had fallen by 6.2% this quarter and gained 16.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 0.3% in the last three months.
In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 12 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the diversified chemicals peer group is also "buy"
Wall Street's median 12-month price target for Eastman Chemical Co is $116.50
This summary was machine generated from LSEG data November 1 at 03:07 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Sep. 30 2024 | 2.14 | 2.26 | Beat |
Jun. 30 2024 | 2.01 | 2.15 | Beat |
Mar. 31 2024 | 1.43 | 1.61 | Beat |
Dec. 31 2023 | 1.30 | 1.31 | Beat |
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