- Adjusted EPS for Celanese in 2Q was $2.38, compared to $2.17 y/y, but missed the estimate of $2.71.
- Net sales were $2.65 billion, a decline of 5.2% y/y, and below the estimate of $2.78 billion.
- Engineered Materials net sales were $1.47 billion, a drop of 7.4% y/y, missing the estimate of $1.55 billion.
- Acetyl Chain net sales were $1.20 billion, down 2.5% y/y, and slightly below the estimate of $1.22 billion.
- Operating EBITDA was $632 million, an increase of 2.6% y/y but below the estimate of $662.2 million.
- Analyst recommendations include 6 buys, 12 holds, and 5 sells.
Celanese Corp Series A on Smartkarma
Independent analysts on Smartkarma, like Baptista Research, are closely following Celanese Corp Series A. The report titled “Celanese Corporation: Expanding Capacity in Acetyls Chain and Engineered Materials & Other Major Drivers” provides insights from the Q1 2024 earnings call. CEO Lori Ryerkerk mentioned that the macroeconomic environment remains stable with no significant positive or negative trends identified. This indicates a potential end to destocking trends and stabilization of order books.
Another report from Baptista Research, “Celanese Corporation: Integrated Value Chain Model & 5 Biggest Catalysts For Its Growth! – Major Drivers,” discusses the Q4 2023 earnings. CEO Lori Ryerkerk forecasts a notable improvement in the M&M business for Q1 2024, expecting the highest quarterly EBITDA since its acquisition. This positive outlook is attributed to lower raw material costs, reduced fixed expenses, and an anticipated recovery in the automotive sector.
A look at Celanese Corp Series A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Celanese Corp Series A shows a balanced long-term outlook across key factors. With moderate ratings across Value, Dividend, Growth, and Momentum, the company demonstrates a stable position in the market. While its Resilience score ranks slightly lower, indicating some vulnerability, the overall outlook remains positive.
Celanese Corporation, a leading global producer of chemicals and advanced materials, operates across key regions including North America, Europe, and Asia. Specializing in acetyl, acetate, vinyl emulsion, and engineered polymers, the company’s diverse product line contributes to its solid standing in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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