On Thursday 1st August 2024, Celanese (NYSE: CE) will be releasing its second quarter financial results. This much awaited announcement will be made after market close.
Financial analysts on Wall Street are anticipating that the concern will announce an estimated $2.71 profit per share for the quarter. Furthermore, the firm is projected to disclose a total revenue of $2.75 billion for this period.
Analysts forecasting the company’s performance for this year have been made public. The estimated total revenue is about $10.86 billion. They also predict that throughout the course of the fiscal year, the business will make about profit of $11.11 per share.
In the corresponding quarter of the previous year, the company’s earnings report revealed a per-share income of $2.17. This significant amount was attributed to the company’s remarkable total revenue of $2795 million generated during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q1 2024 | $2.08 | +3.5% | 2.61 B | -8.5% |
| Q4 2023 | $2.24 | +55.6% | 2.57 B | +9.4% |
| Q3 2023 | $2.50 | -36.5% | 2.72 B | +18.3% |
| Q2 2023 | $2.17 | -56.5% | 2.80 B | +12.4% |
*Growth on year-over-year basis
CE will host a conference call with investment community on 2nd August 2024 at 11:00 AM eastern time to discuss the financial results.
The trading day saw Celanese (CE) shares trading between $140.67 and $143.90, besides a volume of 900.30 thousand shares. The stock closed Wednesday’s regular trading session at $141.15, marking 1.22 percent rise.
