Celanese (CE) Up 9.6% Since Last Earnings Report: Can It Continue?

Core Viewpoint - Celanese shares have increased by approximately 9.6% since the last earnings report, outperforming the S&P 500, but recent estimates have trended downward, raising questions about future performance [1][2]. Earnings Report Summary - The most recent earnings report for Celanese indicated a downward trend in estimates over the past month, suggesting potential challenges ahead [2][4]. VGM Scores - Celanese currently holds a subpar Growth Score of D and a Momentum Score of F, while achieving a Value Score of B, placing it in the second quintile for this investment strategy. The aggregate VGM Score for the stock is D [3]. Outlook - The overall trend of downward estimate revisions for Celanese indicates a potential for an in-line return in the coming months, with a Zacks Rank of 3 (Hold) [4]. Industry Performance - Celanese is part of the Zacks Chemical - Specialty industry, where Element Solutions (ESI) has seen a 3.3% increase in shares over the past month. Element Solutions reported revenues of $593.7 million for the last quarter, reflecting a year-over-year growth of 3.3% [5][6].