Eastman Chemical Fourth Quarter Earnings Sneak Peek
S&P 500 (NYSE:SPY) component Eastman Chemical (NYSE:EMN) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. Eastman Chemical is a global company which manufactures and sells chemicals, plastics, and fibers products to customers in seven countries.
Eastman Chemical Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of $1.19 per share, a rise of 67.6% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.20. Between one and three months ago, the average estimate moved down. It has risen from $1.18 during the last month. Analysts are projecting profit to rise by 18% versus last year to $5.38.
Past Earnings Performance: Last quarter, the company reported profit of $1.57 per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.
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Wall St. Revenue Expectations: On average, analysts predict $2.24 billion in revenue this quarter, a rise of 30.2% from the year-ago quarter. Analysts are forecasting total revenue of $8.18 billion for the year, a rise of 13.9% from last year’s revenue of $7.18 billion.
Here’s how Eastman Chemical traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: