Earnings Alerts

Eastman Chemical Co (EMN) Earnings: 1Q Adjusted EPS Surpasses Estimates Amid Revenue Shortfall

  • Eastman Chemical’s adjusted earnings per share (EPS) for the first quarter was $1.91, surpassing the estimate of $1.89.
  • Sales revenue reached $2.29 billion, slightly below the forecast of $2.34 billion.
  • The company reported adjusted operating income of $311 million, closely aligning with the estimated $312.6 million.
  • Market analysts were generally positive on Eastman Chemical, with 13 buy ratings and 8 hold ratings, and no sell ratings.

Eastman Chemical Co on Smartkarma

Analyst coverage of Eastman Chemical Co on Smartkarma has been insightful, with reports from Baptista Research shedding light on key aspects. In the report titled “Eastman Chemical Company: How Are They Dealing With Rising Raw Material Costs & Other Key Challenges?” by Baptista Research, it was noted that Eastman demonstrated resilience in a challenging macroeconomic environment. Despite presenting a mixed financial landscape, Eastman’s Advanced Materials segment showed strong recovery, offering potential opportunities for investors to consider.

Furthermore, Baptista Research‘s analysis in their report “Eastman Chemical Company: Will The Expansion & Flexibility in Production Capabilities Be A Critical Growth Accelerator? – Major Drivers” highlighted Eastman’s focus on overcoming market challenges through innovation and strategic initiatives. With a vision of leveraging growth opportunities amidst economic pressures, Eastman’s strategic product developments and market expansions are anticipated to contribute to a recovery trajectory. The mixed financial environment, as indicated by Eastman, underscores the complexity and dynamism of the company’s expansion plans and market positioning.


A look at Eastman Chemical Co Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.4

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, Eastman Chemical Co shows a promising long-term outlook. The company received respectable scores across the board, with solid ratings in Dividend, Growth, and Resilience. This indicates that Eastman Chemical Co is well-positioned to provide good returns to investors over time. While the Value score is average, the strong showings in Dividend and Growth suggest the company is on a positive trajectory.

Eastman Chemical Company, an international chemical company with a diverse product portfolio, has demonstrated sound fundamentals across key factors. With a focus on producing chemicals, fibers, and plastics, the company’s operations span various sectors including coatings, adhesives, and specialty polymers. The strong scores in Dividend, Growth, and Resilience further highlight Eastman Chemical Co‘s potential for long-term success in the ever-evolving chemical 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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