What Does Wall Street See for Celanese's Q2?
Jul 18th 2012 10:12AM
Updated Jul 18th 2012 10:22AM
Celanese (NYS: CE) is expected to report Q2 earnings on July 23. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Celanese's revenues will wane -1.9% and EPS will wane -14.5%.
The average estimate for revenue is $1.72 billion. On the bottom line, the average EPS estimate is $1.42.
Last quarter, Celanese chalked up revenue of $1.63 billion. GAAP reported sales were 2.8% higher than the prior-year quarter's $1.59 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.72. GAAP EPS of $1.15 for Q1 were 28% higher than the prior-year quarter's $0.90 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 16.5%, 560 basis points worse than the prior-year quarter. Operating margin was 5.9%, 570 basis points worse than the prior-year quarter. Net margin was 11.2%, 230 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $6.87 billion. The average EPS estimate is $4.32.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 355 members out of 385 rating the stock outperform, and 30 members rating it underperform. Among 92 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 88 give Celanese a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Celanese is outperform, with an average price target of $57.18.
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The article What Does Wall Street See for Celanese's Q2? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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