Earnings Alerts

Eastman Chemical Co (EMN) Earnings: 2Q Adjusted EPS Surpasses Estimates at $2.15

  • Eastman Chemical’s Adjusted EPS for Q2 is $2.15, surpassing the estimate of $2.02.
  • Sales revenue for the quarter matches the estimate at $2.36 billion.
  • Adjusted operating income is $353 million, which is higher than the estimated $329.6 million.
  • The company has 11 buys, 11 holds, and no sell ratings from analysts.

Eastman Chemical Co on Smartkarma

Analysts at Baptista Research on Smartkarma recently covered Eastman Chemical Co, focusing on the company’s expansion of methanolysis facilities and circular recycling plants. The report, titled “Eastman Chemical Company: Expansion of Methanolysis Facilities and Circular Recycling Plants! – Major Drivers,” highlighted Eastman’s positive outlook despite facing operational and regulatory challenges. The analysts noted that Eastman’s Kingport plant, the world’s largest chemical recycling facility, has been operating smoothly with no disruptions to customer supply. However, they also mentioned some initial mechanical issues due to the complexity of the plant’s technology and processes.


A look at Eastman Chemical Co Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience2
Momentum3
OVERALL SMART SCORE3.2

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

Eastman Chemical Company, an international chemical company known for producing a wide range of chemicals, fibers, and plastics, has received mixed ratings in terms of its long-term outlook. While the company scored well in Dividend and Growth, indicating strong potential in these areas, its Value and Momentum scores suggest some room for improvement. A closer look at the Resilience score reveals a lower rating, highlighting a potential vulnerability in this aspect. Despite these diverse scores, the company’s solid presence in coatings, adhesives, specialty polymers, and other sectors underscores its diversified portfolio and potential for growth in the future.

Overall, Eastman Chemical Co‘s Smartkarma Smart Scores paint a picture of a company with solid potential for growth and dividends, underpinned by a diverse product portfolio. While the Value and Resilience scores indicate areas that may require attention, the strong Dividend and Growth scores offer promising prospects for the company’s long-term performance. With its operations spanning various segments within the chemicals and plastics industry, Eastman Chemical Company seems poised to leverage its strengths and navigate any challenges that may arise in the market.


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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