Celanese Corp reports results for the quarter ended December 31 - Earnings Summary

• Celanese Corp CE.N reported quarterly adjusted earnings of $1.45​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $2.24. The mean expectation of nineteen analysts for the quarter was for earnings of $1.20 per share. Wall Street expected results to range from $1.08 to $1.29 per share.

• Revenue fell 7.7% to $2.37 billion from a year ago; analysts expected $2.37 billion.

• Celanese Corp's reported EPS for the quarter was a loss of $17.50​.

• The company reported a quarterly loss of $1.91 billion.

• Celanese Corp shares had fallen by 1.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 10 "hold" and 5 "sell" or "strong sell."

• The average consensus recommendation for the specialty chemicals peer group is also "hold"

Wall Street's median 12-month price target for Celanese Corp is $82.00

This summary was machine generated from LSEG data February 18 at 11:42 p.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)