Element Solutions (ESI) Surges 10.7%: Is This an Indication of Further Gains?

Group 1: Element Solutions (ESI) Performance - Element Solutions (ESI) shares increased by 10.7% to $19.37 in the last trading session, following a significant volume of trading, contrasting with a 31.3% loss over the previous four weeks [1] - The rise in ESI was driven by a broader increase in material stocks after President Trump announced a 90-day pause on reciprocal tariffs for most countries [1] Group 2: Earnings Expectations - ESI is expected to report quarterly earnings of $0.33 per share, reflecting a year-over-year decline of 2.9%, while revenues are projected to be $586.13 million, an increase of 1.9% from the same quarter last year [2] - The consensus EPS estimate for ESI has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Group 3: Industry Comparison - Element Solutions is part of the Zacks Chemical - Specialty industry, where another company, Celanese (CE), saw a 17.1% increase to $43.90, despite a 31.4% decline over the past month [3] - Celanese's consensus EPS estimate has decreased by 4.4% over the past month to $0.40, representing an 80.8% decline compared to the previous year's EPS, and it currently holds a Zacks Rank of 5 (Strong Sell) [4]