Celanese Corp reports results for the quarter ended June 30 - Earnings Summary

• Celanese Corp CE.N reported quarterly adjusted earnings of $1.44​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.38. The mean expectation of eighteen analysts for the quarter was for earnings of $1.40 per share. Wall Street expected results to range from $1.30 to $1.49 per share.

• Revenue fell 4.5% to $2.53 billion from a year ago; analysts expected $2.49 billion.

• Celanese Corp's reported EPS for the quarter was $1.81​.

• The company reported quarterly net income of $199 million.

• Celanese Corp shares had fallen by 13.2% this quarter and lost 30.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 10 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the specialty chemicals peer group is "buy."

• Wall Street's median 12-month price target for Celanese Corp is $65.00, about 27% above its last closing price of $47.42

This summary was machine generated from LSEG data August 11 at 09:01 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)