Celanese Anticipates Q1 Adj. EPS $1.75-$2.00 vs $2.53 Est.
Portfolio Pulse from Benzinga Newsdesk
Celanese Corporation, identified by its ticker symbol CE, has provided guidance for its Q1 adjusted earnings per share (EPS), projecting a range of $1.75 to $2.00. This forecast falls below the estimated $2.53, indicating a potential downturn in the company's financial performance for the quarter.
February 20, 2024 | 9:17 pm
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Celanese Corporation projects its Q1 adjusted EPS to be between $1.75 and $2.00, below the estimated $2.53, suggesting a potential decrease in financial performance.
Celanese's projection of its Q1 adjusted EPS being significantly lower than the estimated $2.53 suggests that the company might be facing challenges that could negatively impact its financial performance. This news is likely to concern investors and could lead to a decrease in the stock price in the short term, as it directly relates to the company's profitability.
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