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

• Celanese Corp CE.N reported quarterly adjusted earnings of 57 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.08. The mean expectation of twenty analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 10 cents to 58 cents per share.

• Revenue fell 8.5% to $2.39 billion from a year ago; analysts expected $2.25 billion.

• Celanese Corp's reported EPS for the quarter was a loss of 19 cents​.

• The company reported a quarterly loss of $21 million.

• Celanese Corp shares had fallen by 19.1% this quarter and lost 33.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 76.9% 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 "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 12 "hold" and 4 "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 $52.00

This summary was machine generated from LSEG data May 5 at 10:38 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)