Here is how Eastman Chemical performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Shares of Eastman Chemical have returned -1.9% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Eastman Chemical (EMN) reported $2.36 billion in revenue for the quarter ended June 2024, representing a year- ...

Eastman Chemical (EMN) came out with quarterly earnings of $2.15 per share, beating the Zacks Consensus Estimate of $1.99 per share. This compares to earnings of $1.99 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.04%. A quarter ago, it was expected that this specialty chemicals maker would post earnings of $1.41 per share when it actually produced earnings of $1.61, delivering a surprise of 14.18%. Over the last four qua ...

EASTMAN | --- | --- | |--------------------------------------------------------------|------------------------| | (Dollars in millions, unaudited) | First Quarter \n2024 | | Sales by Segment | | | Advanced Materials Additives & Functional Products | $ 748 704 | | Chemical Intermediates | 523 | | Fibers | 331 | | Total Sales by Segment | 2,306 | | Other | 4 | | Total Eastman Chemical Company | $ 2,310 | EASTMAN (1) | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------- ...

Core Viewpoint - Eastman Chemical Company (EMN) is expected to report its second-quarter 2024 results on July 25, with anticipated benefits from cost-cutting and productivity initiatives, although soft demand in certain markets may negatively impact performance [2][3]. Financial Performance Estimates - The revenue estimate for EMN's Additives and Functional Products division is $715.3 million, reflecting a year-over-year decline of 4.3% [6]. - The Advanced Materials unit's revenue is projected at $733.8 million, indicating a decrease of 0.7% [6]. - The overall sales estimate for the upcoming quarter is $2,369.3 million, suggesting a year-over-year increase of approximately 1.9% [15]. - Revenue for the Chemical Intermediates segment is estimated at $515.5 million, showing a year-over-year rise of 0.3% [16]. - The Fiber segment is expected to generate $371.5 million, indicating a significant year-over-year increase of 15% [16]. Cost Management and Operational Efficiency - Eastman has achieved cost savings of around $200 million in 2023, net of inflation, and is focused on maintaining pricing discipline and improving asset utilization [8]. - The company is implementing operational transformation efforts that are likely to result in lower operating costs [7]. Market Demand and Challenges - EMN faces challenges from weak demand and ongoing de-stocking in specific markets, particularly in medical and agriculture sectors [9]. - The company has noted uncertain primary demand in key markets and regions for the remainder of 2024, with cautious customer behavior observed in consumer durables and electronics [9]. Earnings Performance and Expectations - The consensus estimate for EMN's earnings for the second quarter is currently pegged at $1.99, with an Earnings ESP of +0.29% [14]. - EMN has a history of surpassing Zacks Consensus Estimates for earnings, with a trailing four-quarter earnings surprise of approximately 5% on average [12]. Strategic Initiatives - Eastman aims to increase new business revenues through its innovation-driven growth strategy, which is expected to support sales volumes [18].

Wall Street analysts expect Eastman Chemical (EMN) to post quarterly earnings of $1.99 per share in its upcoming report, which indicates no change from the year-ago quarter. Revenues are expected to be $2.37 billion, up 2% from the year-ago quarter. Over the last 30 days, there has been a downward revision of 1.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this tim ...

Eastman Chemical (EMN) is expected to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on July 25, 2024, might help the stock move higher if these key numbers are bet ...

For the most recent quarter, Eastman Chemical was expected to post earnings of $1.41 per share, but it reported $1.61 per share instead, representing a surprise of 14.18%. For the previous quarter, the consensus estimate was $1.28 per share, while it actually produced $1.31 per share, a surprise of 2.34%. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks ...

aydinmutlu/E+ via Getty Images Eastman Chemical (NYSE:EMN) is a specialty chemicals and materials innovation company that operates in four segments: Advanced Materials, Additives and Functional Products, Chemical Intermediates, and Fibers. It is headquartered in Tennessee but has plants in twelve countries and competes with many other chemicals companies. The company's market capitalization is 11% higher than a year ago. Its dividend yield is 3.4%. Eastman has just opened a new methanolysis (recycling) plan ...

High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, EMN is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold). Based in ...

Image Source: Zacks Investment Research Eastman is gaining from its actions to manage costs. It is expected to benefit from lower operating costs from its operational transformation program in 2024. The company is also expected to gain from the revenues and earnings generated by its Kingsport methanolysis facility in 2024, mostly in the second half of the year. The facility is expected to deliver roughly $75 million of incremental EBITDA growth in 2024. EMN is exposed to headwinds from weak demand and conti ...