Eastman Chemical (EMN) Q4 Earnings Surpass Estimates

Group 1: Earnings Performance - Eastman Chemical reported quarterly earnings of $1.87 per share, exceeding the Zacks Consensus Estimate of$ 1.58 per share, and up from $1.31 per share a year ago, representing an earnings surprise of 18.35% [1] - The company posted revenues of$ 2.25 billion for the quarter ended December 2024, slightly missing the Zacks Consensus Estimate by 0.53%, but up from $2.21 billion year-over-year [2] - Over the last four quarters, Eastman Chemical has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - Eastman Chemical shares have increased by approximately 1.5% since the beginning of the year, compared to the S&P 500's gain of 2.7% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is$ 1.88 on revenues of $2.39 billion, and for the current fiscal year, it is$ 8.52 on revenues of $9.81 billion [7] Group 3: Industry Context - The Zacks Industry Rank indicates that the Chemical - Diversified sector is currently in the bottom 8% of over 250 Zacks industries, suggesting potential challenges for stocks in this category [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Eastman Chemical's stock performance [5] - The estimate revisions trend for Eastman Chemical is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]