Celanese(CE)

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Here's Why Celanese (CE) is a Strong Value Stock
ZACKS· 2024-06-26 14:45
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. What are the Zacks Style Scores? The Style Scores are broken down into four categories: Growth Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum ...
Celanese (CE) Gains on Cost Actions Amid Demand & Pricing Woes
ZACKS· 2024-06-17 13:25
Axalta Coating Systems, carrying a Zacks Rank #1, has a projected earnings growth rate of 26.8% for the current year. In the past 60 days, the consensus estimate for AXTA's current-year earnings has been revised upward by 5.9%. The company's shares have gained roughly 6% in the past year. Shares of this leading chemical and specialty materials maker are up 22.3% over a year compared with a 13% decline of its industry. Celanese, a Zacks Rank #3 (Hold) stock, remains focused on executing its productivity prog ...
Celanese (CE) Declares Force Majeure Due to Supply Disruptions
ZACKS· 2024-06-11 15:06
Celanese Corporation (CE) declared force majeure and instituted sales controls for acetic acid and vinyl acetate monomer (VAM) in the Western Hemisphere. This decision is driven by severe force majeure conditions and operational setbacks faced by several suppliers of crucial raw materials essential for Celanese's production processes. The company is currently evaluating the impact of these supply chain disruptions, alongside other operational issues affecting its Acetyl Chain network in the U.S. Gulf Coast. ...
Why Celanese (CE) is a Top Value Stock for the Long-Term
ZACKS· 2024-05-30 14:46
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium also includes the Zacks Style Score ...
Celanese(CE) - 2024 Q1 - Quarterly Report
2024-05-10 20:15
Table of Contents 12. Derivative Financial Instruments Information regarding changes in the fair value of the Company's derivative and non-derivative instruments is as follows: | --- | --- | --- | --- | --- | --- | |---------------------------------------------|-------|-------------------------------------|-----------|-------|--------------------------------------------| | | 2024 | Three Months Ended March 31, \n2023 | 2024 | 2023 | Statement of Operations Classification | | | | (In $ | millions) | | | | De ...
Celanese(CE) - 2024 Q1 - Earnings Call Transcript
2024-05-09 19:19
Celanese Corporation (NYSE:CE) Q1 2024 Earnings Conference Call May 9, 2024 11:00 AM ET Company Participants Bill Cunningham - Vice President of Investor Relations Brandon Ayache - Vice President of Investor Relations Lori Ryerkerk - Chairman of the Board and Chief Executive Officer Scott Richardson - Chief Operating Officer Chuck Kyrish - Chief Financial Officer Conference Call Participants Ghansham Panjabi - Baird Mike Leithead - Barclays Jeff Zajkowski - JP Morgan Michael Sison - Wells Fargo Vincent Andr ...
Celanese's (CE) Q1 Earnings Surpass Estimates, Sales Lag
Zacks Investment Research· 2024-05-09 12:46
Celanese Corporation (CE) reported first-quarter 2024 earnings from continuing operations of $1.10 per share, rising from 86 cents in the prior-year quarter.Adjusted earnings in the first quarter were $2.08 per share, up 3.5% from $2.01 reported a year ago. The bottom line surpassed the Zacks Consensus Estimate of $1.91.Revenues of $2,611 million decreased roughly 8.5% year over year and missed the Zacks Consensus Estimate of $2,748.6 million.Segment HighlightsNet sales in the Engineered Materials unit were ...
Celanese (CE) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-05-08 23:01
For the quarter ended March 2024, Celanese (CE) reported revenue of $2.61 billion, down 8.5% over the same period last year. EPS came in at $2.08, compared to $2.01 in the year-ago quarter.The reported revenue represents a surprise of -5.01% over the Zacks Consensus Estimate of $2.75 billion. With the consensus EPS estimate being $1.91, the EPS surprise was +8.90%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...
Celanese(CE) - 2024 Q1 - Quarterly Results
2024-05-08 20:41
May 8, 2024 In this document, the terms the "Company," "we" and "our" refer to Celanese Corporation and its subsidiaries on a consolidated basis. Exhibit 99.2 Purpose Presentation Use of Non-US GAAP Financial Measures Non-GAAP financial measures disclosed by management are provided as additional information to investors, analysts and other parties because the Company believes them to be important supplemental measures for assessing our financial and operating results and as a means to evaluate our financial ...
Celanese (CE) to Report Q1 Earnings: What's in the Offing?
Zacks Investment Research· 2024-05-07 13:46
Celanese Corporation (CE) is scheduled to release first-quarter 2024 results after the closing bell on May 8.The company surpassed Zacks Consensus Estimate for earnings in two of the last four quarters and missed twice, with the average being 5.2%.The company is expected to have benefited from cost-cutting and efficiency initiatives, as well as investments in high-return organic projects and acquisition synergies in the quarter to be reported. However, it is likely to have been challenged by issues such as ...