CelaneseNYSE: CE

Celanese (CE) may not have the right mix of the two important factors needed for a potential earnings surprise in its next report. Be ready for the main expectations.

Celanese Corporation, a company that specializes in chemicals, has not performed as well as the S&P 500 but has the potential to bounce back due to its strong assets and expected growth in earnings per share (EPS). Although it has faced some difficulties, like issues with suppliers, Celanese has seen better earnings and has made its operations more efficient, especially in engineered materials. The company anticipates an annual EPS growth rate of 18.22% until 2026, while keeping dividends steady at $2.8 per share.

Celanese (CE) has a Zacks Rank of #5 (Strong Sell) because it did not meet the Zacks Consensus Estimate in its last report on August 1, 2023. The company operates as a global hybrid chemical firm.

Celanese Corporation (NYSE:CE) held its Q2 2024 Earnings Conference Call on August 2, 2024, at 11:00 AM ET. The call featured company leaders including Bill Cunningham, Lori Ryerkerk, Scott Richardson, and Chuck Kyrish, along with various participants from major financial institutions. The operator welcomed everyone to the call and provided instructions for participation.

While the revenue and earnings per share (EPS) for Celanese (CE) provide insight into its performance for the quarter ending in June 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

Fortune has recently stated that mergers and acquisitions (M&A) have increased by 17% globally in the first half of 2024. Notably, 90% of the biggest deals this year have involved companies based in the United States.

Celanese's (CE) focus on profitable organic projects, efforts to reduce costs, and benefits from acquisitions probably helped improve its performance in Q2, despite challenges with demand and pricing.

Celanese (CE) benefits from its productivity measures, investments in organic projects, expansion actions and strategic acquisitions amid headwinds from demand softness and pricing pressures.

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