Celanese Sees Q3 EPS $2.75-$3.00 Vs $3.19 Est.; FY24 EPS $10.25-$10.75 Vs $11.11 Est.
Portfolio Pulse from Benzinga Newsdesk
Celanese Corporation has revised its Q3 and FY24 EPS estimates downward due to continued low demand and pricing pressures. The company expects Q3 EPS to be between $2.75 and $3.00, and FY24 EPS to be between $10.25 and $10.75, both below previous estimates.
August 01, 2024 | 8:17 pm
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Celanese Corporation has revised its Q3 and FY24 EPS estimates downward due to continued low demand and pricing pressures. The company expects Q3 EPS to be between $2.75 and $3.00, and FY24 EPS to be between $10.25 and $10.75, both below previous estimates.
The downward revision of EPS estimates for both Q3 and FY24 indicates that Celanese is facing significant challenges in demand and pricing. This is likely to negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 90
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