Celanese Corp (CE, Financial) is set to release its Q2 2024 earnings on Aug 2, 2024. The consensus estimate for Q2 2024 revenue is $2,753.78 million, and the earnings are expected to come in at $2.69 per share. The full year 2024's revenue is expected to be $10.86 billion and the earnings are expected to be $10.19 per share. More detailed estimate data can be found on the Estimates page.
Celanese Corp (CE, Financial) Estimates Trends
Over the past 90 days, the revenue estimates for Celanese Corp (CE) have declined from $11.16 billion to $10.86 billion for the full year 2024, and from $11.80 billion to $11.50 billion for 2025. Earnings estimates have also seen a reduction, declining from $11.14 per share to $10.19 per share for the full year 2024, and from $13.02 per share to $12.84 per share for 2025.
Celanese Corp (CE, Financial) Reported History
In the previous quarter of 2024-03-31, Celanese Corp's (CE) actual revenue was $2.61 billion, which missed analysts' revenue expectations of $2.67 billion by -2.35%. Celanese Corp's (CE) actual earnings were $1.10 per share, which missed analysts' earnings expectations of $1.84 per share by -40.35%. After releasing the results, Celanese Corp (CE) was down by -1.13% in one day.
Celanese Corp (CE, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 19 analysts, the average target price for Celanese Corp (CE) is $160.63 with a high estimate of $184 and a low estimate of $130. The average target implies an upside of 15.94% from the current price of $138.55.
Based on GuruFocus estimates, the estimated GF Value for Celanese Corp (CE, Financial) in one year is $152.37, suggesting an upside of 9.97% from the current price of $138.55.
Based on the consensus recommendation from 21 brokerage firms, Celanese Corp's (CE, Financial) average brokerage recommendation is currently 2.9, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
