Eastman Chemical Company (EMN) is scheduled to release first-quarter 2024 results after the closing bell on Apr 25. The company surpassed Zacks Consensus Estimate for earnings in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of around 9.9% on average. It pulled off an earnings surprise of 2.3% in the last reported quarter. Eastman is expected to have benefited from cost-cutting and productivity initiatives, as well as its innovation- driven growth strategy. However, ...

Wall Street analysts forecast that Eastman Chemical (EMN) will report quarterly earnings of $1.41 per share in its upcoming release, pointing to a year-over-year decline of 13.5%. It is anticipated that revenues will amount to $2.26 billion, exhibiting a decline of 6.3% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial proje ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics a ...

Eastman Chemical Company (EMN) recently stated substantial progress toward leadership in the circular economy. The Department of Energy ("DOE") has selected it as one of 33 businesses to participate in award talks to support Eastman's second molecular recycling facility in the United States. The DOE has selected Eastman's second molecular recycling project in the United States to begin award discussions for up to $375 million in Bipartisan Infrastructure Law and Inflation Reduction Act financing through the ...

Eastman Chemical Company (EMN) established a partnership with Patagonia to address the textile waste crisis.Eastman collaborated with the outdoor apparel company to recycle 8,000 pounds of pre- and post-consumer garment waste, which Eastman processed using its molecular recycling technology. This process entails breaking down Patagonia's unwanted clothing into molecular building blocks that Eastman can utilize to create new fabrics.Textile waste is a key problem, and customers are increasingly looking for b ...

Eastman Chemical Company’s (EMN) shares have popped 17.6% over the past six months. The company has also outperformed its industry’s decline of 7.1% over the same time frame. Moreover, it has topped the S&P 500’s 14.2% rise over the same period.Let’s take a look into the factors behind this Zacks Rank #3 (Hold) stock’s price appreciation. Image Source: Zacks Investment Research What’s Working in EMN’s Favor?Eastman is gaining from its actions to manage costs. It is expected to benefit from lower operating c ...

Eastman Chemical Company (EMN) is gaining from cost-cutting and productivity actions as well as its innovation-driven growth model. However, it is exposed to certain headwinds, including soft demand.Shares of this leading chemical maker are down 0.3% over the past year compared with the 16.4% decline of its industry.Let’s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment. Image Source: Zacks Investment Research Cost Cuts and Innovation Aid EMNEastman is benefiting from its action ...

Eastman Chemical Company (EMN) has announced a long-term arrangement with Nord Pal Plast SA, part of Dentis Group. Dentis will offer Eastman 30,000 metric tons of rejected PET post-consumer waste annually via mechanical recycling operations in France and Italy. These materials, which now lack a circular solution, will be recycled at Eastman's molecular recycling plant in France.This alliance emphasizes the essential and complementary nature of both mechanical and molecular recycling processes in achieving a ...

KINGSPORT, Tenn., Feb. 14, 2024 /PRNewswire/ -- Eastman (NYSE: EMN) today announced a long-term agreement with Nord Pal Plast SA part of Dentis Group, a leading Italian multinational company specializing in the recovery and mechanical recycling of PET packaging waste. Through its mechanical recycling sites in France (Nord Pal Plast SA), Spain (PET COMPAÑÍA PARA SU RECICLADO) and Italy (Dentis Recycling Italy Srl), Dentis will provide 30,000 metric tonnes per year of rejected PET post-consumer waste to Eastm ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K 200 South Wilcox Drive (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission file number 1-12626 EASTMAN CHEMICAL COMPANY (Exact name of registrant as specified in its charter ...