Earnings Alerts

Eastman Chemical Co (EMN) Earnings Surpass Estimates: 1Q Adjusted EPS Beats Expectations, Sales Revenue on Target

  • Eastman Chemical’s Adjusted EPS for the first quarter surpasses predictions. It recorded $1.61 against the estimated $1.44.
  • The company met its sales revenue forecast of $2.31 billion.
  • The Adjusted operating income also exceeded the expected value with $274 million recorded against the $259.5 million estimate.
  • Out of the different trading options, there were 10 purchases, 13 holders, and zero sell offs.

Eastman Chemical Co on Smartkarma

Analyzing Eastman Chemical Co on Smartkarma, Baptista Research‘s report titled “Eastman Chemical Company: Tackling Market Instabilities – A Strategy for Success! – Major Drivers” highlights a mixed performance in the previous quarter. While revenues fell short of analyst projections, earnings managed to exceed expectations. The decline in earnings was mainly attributed to volume and mix, leading to a variable margin decrease of around $450 million.

Despite these challenges, Eastman Chemical’s management remains cautiously optimistic about market stability, especially in non-discretionary sectors such as pharma and medical. They foresee some modest growth in these areas, indicating a strategic approach to navigating the current market environment.


A look at Eastman Chemical Co Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience2
Momentum4
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

Analysts at Smartkarma have rated Eastman Chemical Co based on various factors that indicate its long-term outlook. The company scored well in Dividend, Growth, and Momentum, with scores of 4 for each. This suggests that Eastman Chemical Co is likely to provide steady dividends, grow consistently, and exhibit positive momentum in the market.

However, the company received lower scores in Value and Resilience, with scores of 3 and 2 respectively. This indicates that Eastman Chemical Co may not be considered undervalued compared to its peers and might have some vulnerability to economic downturns or market challenges. Overall, with a mix of strong and weaker scores, Eastman Chemical Co‘s long-term outlook appears to be a balance of growth potential and possible risks.


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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