Recap: Celanese Q4 Earnings
Portfolio Pulse from Benzinga Insights
Celanese (NYSE:CE) reported Q4 earnings with an EPS of $2.24, missing estimates by 3.03% against an expected $2.31. Revenue increased by $221M from the previous year. Despite beating EPS estimates in Q3 2023, the share price dropped by 2.88% the following day. For Q1 2024, Celanese forecasts earnings between $1.75 and $2.0 per share.
February 20, 2024 | 9:20 pm
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Celanese reported Q4 earnings with an EPS of $2.24, missing estimates by 3.03% and provided Q1 2024 guidance with earnings between $1.75 and $2.0 per share.
Missing the estimated earnings by 3.03% could lead to a negative short-term impact on Celanese's stock price, as seen in the past quarter where a beat on EPS was followed by a 2.88% drop in share price. The provided guidance for Q1 2024 also indicates a potential decrease in earnings per share compared to Q4 2023, which may further influence investor sentiment negatively.
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IMPORTANCE 90
RELEVANCE 100